Many of the traditional barriers to owning property overseas now gone, more and more people are realising their dream of owning a Place in The Sun.
It is more important than ever to ensure that you have the right mortgage in place before venturing to foreign shores. The protection you may receive when borrowing on a mortgage abroad may be markedly different to that which you are used to in the united Kingdom and there are many pitfalls to avoid.
Our sister company, U.S.H.E. (financial) has many years experience in Overseas lending and should be your first port of call when considering overseas property purchase to talk through your many options.
Having developed close links with overseas brokers and lenders it is not always necessary ( or advisable ) to offer your U.K. property as security, or to raise money from equity within your own home to finance overseas property purchase.
We can show you how to avoid this and to offer only the overseas property as security on locally arranged mortgages and how to minimise the actual amount you pay by utilising international Money Markets.
Important - Overseas mortgages are not authorised or regulated by The Financial Services Authority and the protection you receive when borrowing overseas may be markedly different than that you are used to in the U.K. |