International money transfers to Spain could cover buy-to-lets

International money transfers to Spain could prove particularly useful for people keen to take on a buy-to-let property.

Clydesdale and Yorkshire Banks have announced that they are launching such a service for Spanish property.

The move will allow UK buyers to negotiate an initial rental contract for between 12 months and seven years.

After this point they can then choose to purchase the property at a reduced price.

Using an international money transfer service to cover rental payments could help keep the prices of property even lower by offering clients competitive currency exchange rates.

Claire Nessling, operations director at foreign mortgage experts Conti, said recently that Spain is still proving to be a winning formula with British buyers.

However, she added: "It pays to be selective and we'd advise people to look carefully before making decisions."

Click here to make an International Money transfer to Spain

Posted by Sarah Pitton