Spain Plus More

Introducing EasyBuy

How to buy the house of your dreams ….
Maybe even when the cash isn’t available!

Announced on the 31st May 2006 – EasyBuy is a brand new Spanish property purchasing scheme.  It allows buyers to proceed with a purchase when, perhaps under normal circumstances, they wouldn’t be able to do so. For many it could simplify things too.

Highlights of the programme

The programme delays the requirement to pay the first of the larger stage payments on an off-plan property for seven months.  And after the first payment there are no further stage payments until completion.

For both second home buyers and property investers alike, this can produce substantial loan interest savings – potentially amounting to several thousand pounds.

This programme has been put together by our partner in Spain, Medsea Estates Group plc.  There are few companies with either the credibility or the required financial strength operating in the overseas property market capable of doing this.

As a result, the unique benefits of the EasyBuy programme are only available via partners of Medsea Estates Group plc.

How Do You Benefit?

It’s straight forward.  In the market we serve, the payments on new/off-plan Spanish property usually work like this:

Conventional Payment Plan

1. Buyer and seller agree the sale and the buyer pays a reservation deposit of two or three thousand Euros.

2. Thirty days later, the buyer pays 50% of the property purchase price
 (less the reservation deposit).

3. On completion, the remaining 50% balance is paid.

Note that in some situations above there may be additional interim payments which can mean that even more than 50% is paid out some time prior to completion.

However, with EasyBuy, the structure of the payments is as follows:

EasyBuy Payment Plan

1. Buyer and seller agree the sale – the buyer pays a reservation deposit of two or three thousand Euros to secure the property and within one week makes the deposit up to 15% of the purchase price.  (If it is more convenient for the buyer, the initial 15% can be paid immediately and then only one transaction is necessary at this stage.)

2. Nothing more is paid for seven months – and then only 35% of the purchase price is due.

3. On completion, the remaining 50% balance is paid.

The easy-to-afford overseas property purchase programme available through Spain Plus More.

To download the brochure click here.