Rentals

RENTALS – RENT 2 BUY

In the past you would have purchased a property in Spain with an exchange rate of upwards of 1.5 euros to the pound together with a low interest rate mortgage from a Spanish bank. Nowadays interest rates have risen and banks to say the least are reluctant to lend, and the pound / euro exchange rate has dropped, although currently it is improving and many see this as a sign of recovery of the Spanish property market. This indicates that this could be the opportune time to secure an incredible deal.

As the market slows down or bottoms out, new opportunities arise. It is the ability to spot and take advantage of these opportunities that make the difference between achieving your dream or not.

With potential purchasers hesitant and vendors desperate to sell a RENT 2 BUY situation could result in a win win for all concerned.

What is RENT 2 BUY

Rent to buy is a contractual agreement between a tenant and a property-owner in which the tenant has the right to buy the property after a previously agreed period of time (usually between 1 and 5 years). When eventually the tenant exerts that option to purchase, all or a percentage of the paid rent depending on the contract will be deducted from the agreed selling price.


	RENTALS – RENT 2 BUY In the past you would have purchased a property in Spain with an exchange rate of upwards of 1.5 euros to the pound together with a low interest rate mortgage from a Spanish bank. Nowadays interest rates have risen and banks to say the least are reluctant to lend, and the pound / euro exchange rate has dropped, although currently it is improving and many see this as a sign of recovery of the Spanish property market. This indicates that this could be the opportune time to secure an incredible deal. As the market slows down or bottoms out, new opportunities arise. It is the ability to spot and take advantage of these opportunities that make the difference between achieving your dream or not. With potential purchasers hesitant and vendors desperate to sell a RENT 2 BUY situation could result in a win win for all concerned. What is RENT 2 BUY Rent to buy is a contractual agreement between a tenant and a property-owner in which the tenant has the right to buy the property after a previously agreed period of time (usually between 1 and 5 years). When eventually the tenant exerts that option to purchase, all or a percentage of the paid rent depending on the contract will be deducted from the agreed selling price.
	What are the advantages for the tenant.
		The rent you pay is no longer “dead money” You will be able to live & enjoy your property whilst saving money to buy it. You decide when the optimum time is to acquire the property. For example, when the interest rates are low and/or the exchange rate is favorable. If you are in the process of selling your current home to finance your new one, RENT 2 BUY bridges this cap. Quick move in time.
	What are the advantages for the seller.
		The eventual sale of the property. A tenant will treat the property as his future home. The property will generate an income while being kept in a good and secured condition.

	Overall the home seeker gets their home and the vendor some welcome cash flow. As a buyer or seller please e-mail info@religaregroup.com for further details.