Many people are forced to give up family property and assets because they cannot afford the costs and processes involved in claiming their inheritance. At Suitaprest, we don’t want this to happen to you.
You can gain access to the money in advance of ´officially´ inheriting. Once the property is yours, you can decide whether to use it, rent it out or sell it and pay off the loan at no additional cost.
Many people are forced to give up family property and assets because they cannot afford the costs and processes involved in claiming their inheritance. At Suitaprest, we don’t want this to happen to you.
You can gain access to the money in advance of ´officially´ inheriting. Once the property is yours, you can decide whether to use it, rent it out or sell it and pay off the loan at no additional cost.
Accepting inheritance means taking on ownership of someone´s estate after they have passed away. This can include goods, property, funds or savings, but also any outstanding debt obligations.
There are various administrative costs, legal and tax expenses that need to be settled before you can become the legal owner.
The exact amount will depend on your individual case, but the main costs to consider are legal (notary, lawyer) and inheritance taxes.
Taxes will vary depending on where in Spain you are based. For example ISD (Impuesto de Sucesiones y Donaciones) is an obligatory state-wide tax, yet it has different conditions in different Autonomous Communities. AJD (Impuesto sobre Actos Jurídicos Documentados) is a tax that is determined by each Autonomous Community. Finally, there is IIVTNU (Impuesto de Plusvalía Municipal) which only applies to properties in urban zones.
Yes, that is not a problem for us. As long as all the heirs agree to use the property you are due to inherit as collateral for the loan – you can all be the equal borrowers.
This works exactly the same if you were already legal owners of the property. It can be used as a guarantee as long as everyone that has legal claim to it (whether owner or heir) agrees to sign for the loan.
We will only ask for documents that are absolutely necessary. What´s more – you can send most of them via email or Whatsapp.
Most documents for a loan to accept inheritance are the same as for any other loan we offer: IBI tax document for the property, identity document (such as DNI) and proof of income. Of course, accepting inheritance also has some specific legal needs – so you will also need to provide the will, certificate of ´últimas voluntades´ and certificate of ´defunción.´
No, you do not. Having your case assessed is completely free of charge and there is no obligation to take out a loan. You will only start to pay once you have received the loan payment in your current account.
