For a Non-Lucrative Visa, it is not necessary to be the owner of a home in Spain, therefore it is not necessary to provide a nota Simple of the property that you own in Spain or that you wish to buy in the future.
For Golden Visa Applications, it is necessary to prove ownership of a property in Spain, in this case the Nota Simple is not enough to prove said circumstance, we will need certificate(s) of ownership of the acquired property(s) from the property registry.
Loans against property.
Nota simple documents are often used to provide loans against the property or land. This is very useful to confirm whether it is freehold, or owned as a certain percentage, if it has any current debts against it, etc. The financial entity determines the final loan based on the market value property.
It is very important to take into account that if the simple note is not updated and it turns out that there is a home on the plot that is intended to be sold that has not been declared the corresponding new construction, the banking entities in Spain, in order to grant the mortgage on the property They are going to demand that the corresponding procedure be initiated so that the physical reality of the property appears in the simple note, all these incidents delay or can even stop the sale of a property.
Purchasing and selling property in Spain.
This is the main use of the nota simple. In this process a nota simple will indicate if there are any outstanding charges on the property, the boundaries, the square meters, description, ownership, and other important information required to make the right real estate transfer. This document will be part of the contract of transfer together with the conveyancing report
It favours the seller to have an accurate Nota simple of the property so that the buyer can acquire the required mortgage and have the information to make the right decision.
If you decide to sell your property (flat, villa, plot etc) through a real estate agent, they will need a copy of the nota simple to verify the legal and economic status of the property.
Property owners subject to the procedure of SAFO, DAFO or AFO must provide the City Council with the corresponding Nota Simple of the property subject to said procedure.
APPLICATION FOR BUILDING PERMITS
When requesting a building permit for building, expansion, or reforms, it is recommended to submit a simple note to the Urban Planning area of the corresponding town hall.