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Title Deed Insurance

imagen Maximum peace of mind when purchasing your home in Spain.

To Solvivienda you are the most important person and therefore we give you, exclusively and free of charge, insurance cover which protects the most important investment of your life. We have reached an agreement with CASER, the Insurer of the Spanish Savings Banks, to integrate a SAFE PURCHASE SYSTEM, into our services, adding more security and continuing to support you for the next 20 years.

Security today, tomorrow and for the next 20 years.

If you buy via Solvivienda, we will pay for 20 years worth of insurance which protects your purchase FOR LIFE. Almost all possible claims against your Title Deed will have expired within the first 20 years of ownership.

Is it true that these things can happen to me? NOT IF YOU PURCHASE VIA SOLVIVIENDA.

False representation by the vendor

You will be covered for:
The next 20 years if they were selling or leasing your property, forging your identity.

 

Non-inscription in the Land Registry

The act of purchase, if the vendor, either is not the real owner, or he/she acts in representation of the owner with false or revoked powers.

CONSEQUENCES:
Legal disadvantage of the owner whereby he/she may lose the property or suffer financial loss against charges or seizure.

 

Errors or Omissions

Legal insecurity. The insurance acts in this case as an alternative register, providing the guarantees which should have been offered by the Land Registry.
Discovered in the future when you try to sell your property that was erroneously registered, leading to delays in the sale.

Undisclosed Proceedings

When you purchase your property with existing undisclosed proceedings or lack of authorisations, licenses, etc.

 

Inability to access

When the property is not handed to you on the agreed date reflected on the Title Deed, or there is an inability to access the garage or parking place.

 

Bankruptcy

Possible damage to the buyer can occur if there is a bankruptcy ruling against the purchased property and the bankruptcy is dated before the purchase.

 

Off plan purchase

Where, in the case of an off plan purchase, the actual size of the built property is more than 10% smaller than previously stated. Also for garages which make it impossible to park a car in.

 

Non-Registered Rights

Existing rights of light or way in the purchased property, undisclosed at the time of the purchase.

 

Taxes, Quotas or unsettled community fees

Taxes, quotas or unsettled community fees which arise frequently, despite a presented certificate showing the vendor to be up to date with all the payments.

 

Anomalies

Abscence of construction permits, failure to comply with the required obligations or proceedings started by Authorities, for example, because of non-compliance with the planning permission.

 

Participation Coefficient

In new developments, there may appear inaccuracies on the participation coefficients for community expenses. A customer may be paying more community expenses than those corresponding.

 

Legal/Judicial Incapacity

You purchase from a vendor who is legally or judicially unfit (minority, mental deficiency, old age, etc.).

 

Sold "As Is"

For example, the terrace - which seemed to be part of the home is actually the property of the residents´ association. You have paid for something which now turns out to be for the residents´ association.

 

Boundary Disputes with Neighbours

For the next 20 years if they should lay claim to part of your property.

 

Co-ownership Disputes

A person sells his/her home without the consent of his/her co-owner, so that you may not continue to enjoy the property. (The authorisation of the partner to sell the home is required by Law, otherwise, the partner has the right to live in the home, despite it being sold).

 

Hidden Defects

The Title Deed you have acquired presents hidden legal defects or errors not detected at the moment of purchase.

 

Hidden Contract of Lease

The existence of a valid contract of lease which was hidden at the time of purchase. (The contract of lease has full force until its maturity independently from any change of owner. Very rarely is the contract of lease recorded in the Land Registry, therefore, the declaration of its existence depends on the good will of the vendor).

 

Exclusions

Damage, contamination. Any fault or discrepancy known by the buyer before signing the Title Deed.

 

Guaranteed commitment of resolution

In the case of a claim, experts in Real Estate Law will manage the resolution of your problem with maximum diligence and effectiveness. Should it not be resolved within 6 months, the Insurance Company shall compensate for the damage suffered, up to the amount established by the Title Deed or to a maximum of 360,000€.

For further information please contact info@bjaidsass.org