I have a house to sell in the UK before I can buy a property, can BB Spanish Properties help?
A. This is probably BB Spanish Propertiees most frequently asked question. If you have approx. 30% of the purchase price available in cash funds without selling your home, you can reserve a new property, securing its price in Euros, and then sell your own within the time period agreed by you with the developer. If you sell your own property before your new one is finished, you simply move out to Spain, rent a property and start to enjoy the lifestyle. The money you spend on renting a property in Spain will normally be offset by the decreased living costs and you will get to know the area you are going to live. You then get a brand new home to move into, without any of the normal stress and strain associated with trying to sell and buy simultaneously. Some people arrange a short term re-mortgage of their own house to enable them to do this. If you don’t have approx. 30% of the purchase price on hand and you don’t want to re-mortgage or to arrange bridging finance (overdraft facilities)