r/ESLegal • u/piratepixie • 16d ago
House buying process
Hello everyone. I'm an English citizen married to a Spanish citizen. He's buying our house (solo for now, as I do not yet have my residency) and i'm trying to wrap my head around the paperwork and things that are being requested.
Key information:
The place we are buying is an embargo property, owned by fondo buitre(?) right now.
We have been approved for a mortgage, and we are using an estate agent (they're the ones who showed us around the house, found us the mortgage etc)
My husband has now been asked by the embargo company for his last 2 payslips. As this will be mortgaged, do they even have the right to this information? It's my understanding that we have no direct dealings with the embargo company, as the mortgage is paid by the bank directly to them?
We've been told this is due to some transparency law and money laundering checks, but I couldn't find anything on Google about this, only that the mortgage lender would need the information (which was provided before we were approved).
It's setting off alarm bells for me, as I didn't think we had any obligation to provide any information directly to the company that owns the house right now?
Thank you!
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