Funding your Ideal Investment
In conjunction with our associates in England, Portugal, France and Cyprus who specialise in financial and property related solutions for the retired/semi-retired, Senior Living Spain are pleased to offer the following options of financial assistance:
The option where we were able to offer a part exchange scheme is now not available. However, "in certain cases", it may be possible that a shared purchase/shared equity option scheme could be available where you could own between 25% and 75% of interest.
This may be of particular interest to those with a shortfall or those not wishing to tie up too much of their capital or indeed spend 12 months of the year in their property."
Purchase Options for your Consideration
Here you can purchase a room as an investment in order to rent it out to persons needing care thus bringing you in a handsome return, or purchase an apartment or other property in order to rent it out to more independent persons who prefer to rent, thus again supplementing your income.
In most cases, where you own the property wholly and make capital gain, and where you can rent the property out for some or all of the time as an investment to like-minded people, thus earning you some income, and where capital value rises over the years.
Joint purchase is for groups, friends or like minded persons wishing to purchase a retirement complex/village or group of of houses share the cost of the enterprise.
Rent-to Buy Scheme
This type of contract, “contrato de alquiler con opción a compra”, allows you to lease a property, whether off-plan or resale, with an option to buy it within a given deadline normally spanning 2 to 5 years. The main advantage is that the full let price is discounted from the final purchase price on new property, and 65% from a resale. So if you finally opt to buy the property within the deadline, the paid rent (rental premium) will be deducted in some way from the pre-agreed sales figure. Alternatively, should you choose not to, you can simply walk away and move on. This contract has multiple advantages for both grantor and grantee in the context of a deflationary environment – such as the current one –. If you are of the opinion that property prices in Spain are still unstable, rent to buy will appeal to you. The advantages under normal circumstances far outweigh the potential disadvantages.