There are many reasons that people choose to purchase a property overseas. Typical motives usually revolve around the purchase of a holiday home or the acquisition of overseas property as an investment. With the recent appreciation of sterling, there is an even greater incentive for individuals to now buy foreign property.
When it comes to financing such a home purchase, there are two basic forms of borrowing:
- Foreign Property Mortgage:
Take out a mortgage on the foreign property itself. This could be from a UK mortgage provider or from a lender based in the same country as the property in question.
- Remortgage existing UK property:
This can free equity to fund the purchase of the overseas property.
However, although overseas mortgage products can seem very similar to UK mortgages, there are many other factors to consider, most notably local laws, taxation rules and other restrictions involved when a foreign national decides to buy a house.
Our Services
Our aim is to provide you with the best overseas mortgage solution whilst keeping all costs to a minimum and the buying process as simple and pleasurable as possible.
All you need to do is fill in the enquiry form and we will guide you through the rest of the process.
- We want you to be happy with the service you receive. It has always been our intention to work openly and honestly with all our customers. Our levels of customer retention and recommendations show us that this is working for us.
- We will spend time understanding your requirements and your circumstances and only then will we offer you a range of mortgage products to suit your needs. We work with well- established and recognised lenders both in the UK and overseas to find a mortgage solution that works for you.
- Overseas mortgages and the buying process can be complicated. We will fully explain the products we offer and the process that you will need to follow in plain English.
- As we are not mortgage advisors, we will always give you information in an efficient and timely manner to give you time to make an informed choice. We do not advocate pressure selling.
- We often charge fees for the services we provide – these fees will be identified to you in writing before we process your overseas mortgage.
- We will never sell your personal details to third parties. All information is treated and handled with care.
Rules Governing Overseas Lending Markets
As these rules vary from country-to-country, we have broken down our overseas property to provide information on the various facets of property purchase in different countries:
EUROPEAN UNION (EU) COUNTRIES:
With all complex financial products, such as overseas property funding, we advise against making your decision based solely on the information you have read. Your best option is to speak to an Independent Financial Adviser (IFA) who can find the deals that are best suited to your individual circumstances. If you would like to speak to one of our IFAs, please complete our short mortgage enquiry form and we will have one contact you within 24 hours. |
