A chance to rent before you buy in Tenerife and 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.
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.
