There are an increasing number of people now buying homes abroad, whether as a second home, investment or retirement home.
Call one of our Advisers now:
0800 0850118
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Where do you start? The process is different from purchasing in the UK and your options will often vary depending on the country you purchase in. As far as financing the property is concerned, these are some of the points to consider:
- Is it best to use an overseas or UK based lender?
- Is remortgaging my existing property a better option?
- How much deposit will I need?
- What interest rate can I expect to pay?
- What income will I need to prove?
- What about insurance?
One of our Personal Mortgage Advisers will
answer these questions and any others you may have. A decision
in principle could be arranged if required to enable you to commence
your property search.
They will even take care of all the mortgage paperwork for you, so you don't need to worry about a thing.
We will refer you to a specialist if an overseas mortgage is the most suitable option. Overseas mortgages are not regulated by the Financial Services Authority.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances.A typical fee is £95.
Changes in the exchange rate may increase the sterling equivalent of your debt.
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