A place in the sun, at a dis­count

Yorkshire Post - Property - - PROPERTY -

Con­nells is to mar­ket thou­sands of heav­ily dis­counted Span­ish prop­er­ties through its high street branches.

The Con­nells deal is through a part­ner­ship with Mediter­ranean CAM, the prop­erty arm of the Span­ish sav­ings bank CAM.

Buy­ers will have the op­tion to rent a prop­erty first for up to seven years, with an op­tion to pur­chase through CAM’s “rent to buy” scheme. If the op­tion is ex­er­cised dur­ing the first two years, all the rent paid can be de­ducted from the pur­chase price.

Buy­ers will also have ac­cess to CAM’s 90 per cent mort­gages. Prop­er­ties will be new or sec­ond­hand, and will not be off­plan. Stu­art Flavell, Con­nells chief ex­ec­u­tive, says: “We are de­lighted to have been cho­sen by Mediter­ranean CAM to mar­ket prop­er­ties abroad. CAM Bank is the fourth-biggest sav­ings bank in Spain and is an im­por­tant fi­nan­cial in­sti­tu­tion.”

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