Property to sell in the U.K.?
A solution
One of the most difficult things to plan is a move to Spain when
you have a property to sell in the U.K. Among the common questions
and problems are:
- If you are buying a new property there is usually a time delay
of 9-18 months while your new house is being built. Do you sell
your home here and rent in Spain? Alternatively you could sell
and rent in the U.K. Neither of these is very attractive as it
involves moving twice and throwing away money on rental payments.
- Again with a new property the builder will usually require stage
payments of up to 50% of the house price. Making arrangements
to pay this can often put a strain on savings and investment plans.
- Another disadvantage of waiting to sell your own home is that
Spanish prices have been rising rapidly for the last decade -
if this trend continues a year's delay can be very costly
Spanish Mortgages are able to offer a solution to these dilemmas.
Usually it is possible to release money on your U.K. home with no
solicitors fees, no surveyors fees and most importantly no early
redemption penalties when you sell. We can arrange a temporary or
long term interest only mortgage with a High Street U.K. lender
which will allow you to live in your own property while your Spanish
home is being built. The 50% stage payment can be made when required
giving peace of mind and a stress free purchase. We can even offer
a guaranteed exchange rate in the future to take away the worry
of fluctuations in the value of the pound against the euro.
Why not call us for a chat to discuss your plans?
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