What is the FEIN?

How long does it take between the FEIN and signing a mortgage? Applying for a mortgage loan involves dealing with new terms and legal documents that buyers should understand before completing the purchase of a property. One of the most important documents in the mortgage process is the FEIN. The FEIN mortgage document provides detailed information about the mortgage product offered by the bank. It is a standardized format used across the European Economic Area (EEA) so borrowers can compare mortgage offers from different banks and countries in a clear and transparent way. One of the most common questions for home buyers is: how long does it take between receiving the FEIN and signing the ...
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The necessary energy certificate for renting and selling

The necessary energy certificate for renting and sellingIf you are thinking of selling or renting a property, you should know that it is necessary to obtain the Energy Certificate, also called Energy Efficiency Certificate (EEC). What is the energy certificate? It is a document signed by a technician that determines the energy level that a property needs and accredits its efficiency from an energy point of view. Is it compulsory to have the energy certificate?Since 2013 the Energy Efficiency Certificate is mandatory for sale and rental operations.The owner of the property is obliged to have this document at the time of sale or rental. This certificate is valid for 10 years. How much does ...
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NEW LAW REGULARISATION PROPERTIES

New law for the regularisation of properties on rural land in the Balearic Islands.Which properties are affected by the new regulations?The decree-law foresees that all constructions located on rural land and built without complying with the urban planning regulations, which have been built a maximum of 8 years before the entry into force of the new regulation, can benefit from this extraordinary legalisation regime.However, there are some special cases:- If the constructions are located on protected rural land, those built before the entry into force of the Land Use and Planning Act of 29 May 2014 will be eligible for this measure.- In the case of buildings located on land included in the s...
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MORTGAGES, DOCUMENTATION

You want to buy a new home and you need a mortgage. Here we help you!Necessary documents requested by the bank to grant a mortgage in Mallorca.One of the most important steps for the purchase of a new property is the application for a mortgage. And the most difficult part of this process is to provide all the necessary documentation. Being guided by an expert advisor can make this process much more manageable. Here, we will try to provide you with detailed information about the documents that banks usually require before approving your application and granting a mortgage. Living Pollensa has the professional advice that will accompany you from start to finish to clarify all the doubts you m...
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PROPERTY MAINTENANCE

Property maintenance As landlords ourselves, we know what it means to maintain a property where you don't live all year round. With Living Pollensa your property will be looked after by local specialists as if it were lived in. They are professionally qualified and experienced and we ensure that you will have the best people, materials, finishes and reliability. Are we better than the rest? No Are we different? Yes, mainly because we give a personalised service and you will always be contacted by the same person. What we offer; - Key holding - Gardening service - Pool cleaning - Cleaning and Laundry - Project management  Call us without obligation and we will adjust to your need...
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WHAT HAPPENS TO THE POUND..

Pound enjoys relief rally as political uncertainty fades Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks… Latest currency news The pound has struck higher so far in May in response to fading political uncertainty and optimism over the reopening of the UK economy. During this period, we’ve seen GBP/EUR climb from €1.14 to €1.16, whilst EUR/GBP has retreated to £0.86. Meanwhile, GBP/USD has rallied to $1.41, while EUR/USD has risen from $1.20 to $1.21. What’s been happening? The pound has rallied through the first half of May, with the currency benefitti...
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