Frequently Asked Questions

Schools in Tenerife

Tenerife provides Spanish state educational facilities for residents, which is complemented with additional British, German and Spanish private schools requiring fees. There are four British schools in Tenerife, the main one in the South is Wingate School, which has been established for 25 years. Wingate School caters for children age between 3-18 years old and has been a recognised centre for the University of Cambridge examinations since 1988, there are over 400 pupils and the school has been inspected by Her Majesty’s Inspectorate and is an officially recognised British school.

To find out more information about Wingate School please visit their website at: http://www.wingateschool.com/

Furniture / Interior Design Tradesmen

Premier Properties Tenerife can offer recommended furniture/interior designers to help add your personal touch to your new holiday or permanent home. We can introduce furniture suppliers who will supply full packages from the “mop and bucket” through to the coordinated lounge / bedroom suites matching curtains, lamps and pictures to suit every budget. Any trades people we recommend such as builders, electricians, plumbers, etc. have been personally used by our members of staff who can testify to their standards and reasonable costs.

Health Care in Tenerife

The Spanish state health care system for residents is modern and well-equipped. The health facilities in Tenerife can treat the slightest cut or sprain to complex transplant surgery. For non-residents or residents whom require private health-care there are various plans available which offer impeccable facilities. Premier Properties Tenerife can assist their clients to obtain the right healthcare cover.

Spanish Wills

It is important that property purchasers make a Spanish will, even if you have already made a British will. For the small cost of making a Spanish will your assets within Spain will be respected as you wish for your peace of mind, thus avoiding overseas lawyers or the Spanish government unnecessarily receiving large amounts of your assets. Premier Properties Tenerife will remind you to speak with your solicitor about this.

About Community Charges in Tenerife

By law, a developer must establish a community to run communal services. From then on the committee will determine the community charges to be levied and are proportionately determined according to the size of property within the complex. The umbrella of this service varies from complex to complex but usually includes all garden, lift and pool maintenance.

Are there any hidden charges in Tenerife?

No. The running costs of your property include community/water and electric charges, normally payable by standing order, and a small annual local property tax. In addition to this, you will as a property owner, be expected to make an annual return to the local tax authorities declaring income received, if any, and being taxed accordingly.

Charges on Property Purchase in Tenerife

When the Purchaser, Vendor and the Public Notary have signed the title deed or escritura, you will be expected to pay between 8 - 10% of the property value declared on the Title Deed or escritura. This variant allows for property purchased directly from a builder or respectively a resale, and includes Notary fees, land registry charges, Plus Valia and transfer taxes.

Are Premier Properties Tenerife qualified legal advisers?

No. We do not profess to offer legal advice but can refer you to a professional network of legal personnel that will competently be able to deal with all legal aspects of your sale or acquisition.

Where do I, the client, stand legally?

Professional advice on which investments may or may not be suitable will be provided so that you can make an informed but balanced decision. The purchase of property in Tenerife must comply with Spanish law and all legalities leading to the final transaction are supervised by your solicitor right down to bank standing orders for electric; water; community etc.

Who carries out the conveyancing?

Your Solicitor will carry out the conveyancing. We at Premier Properties Tenerife will ensure that there are no inherited debts by ensuring that your Solicitor confirms that community fees, electricity, water, and local rates etc., have been paid up to date and receipted. Prior to signing the Title Deed the Public Notary has a personal responsibility under Spanish law to obtain from the land registry a valid certificate confirming that there are no mortgages, debts or encumbrances associated with the property being sold.

Once I've chosen my Tenerife property, what next?

In order to secure a property you will need a 5-10% deposit after which a private sales agreement will be drawn up, clearly stating the terms and conditions of your purchase. You will also need an N.I.E. number for all business transactions, and a Spanish bank account. Premier Properties Tenerife will arrange all of this for you, assist and advise on transfer of funds and arrange finance, if required.

If you have any questions, please email them to info@premierpropertiestenerife.com