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June 1, 2010

Rent-before-you-buy offer for Spain

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by Gill Montia

Rent-before-you-buy offer for Spain

Clydesdale and Yorkshire Banks have joined forces with Spanish bank, Caja Mediterraneo (CAM), to give Britons thinking of buying a property in Spain the opportunity to rent before they buy.

In addition, the scheme allows for rent to be discounted from the purchase price of a property should a tenant opt to buy within two years of taking out a lease.

The lenders can also offer property investor with a taste for Spain legal services provided by a UK-based solicitor with experience in Spanish property, and a Spanish bank account with access to CAM bank’s English Internet banking service.

Buildings and contents insurance for property in Spain are available through CAM Bank, and English speaking contacts in Spain can help clients through the viewing and buying process.

According to Clydesdale and Yorkshire, a house in Spain is more affordable than ever right now, with discounts of up to 50% on previous asking prices.

Last month, Primelocation.com reported a sharp rise in overseas property searches, with Spain taking second place in the top ten destinations, behind France.


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