foreign mortgage arrangers
 
overseas mortgage arranger

 

Home

 

Filling in the form on the right allows me to source all available lenders and rates for your particular circumstances. However if you prefer you can just fill in this short contact form and I will be in touch.

 

Short Form

 

 

 

 

 

 

 

The Foreign Mortgage List

 

Here is a list of foreign countries that an overseas mortgage can be arranged for - ANDORRA, ANGUILLA, ANTIGUA, ARUBA, AUSTRALIA, BAHAMAS, BARBADO, BONAIR, BRITISH VIRGIN ISLANDS, BULGARIA, CANADA, CAPE VERDE, CARIBBEAN, CAYMAN ISLANDS, CHINA, COSTA RICA, CURACAO, CYPRUS, CZECH REPUBLIC, DOMINICAN REPUBLIC, DUBAI, FRANCE, GERMANY, GIBRALTAR, HONG KONG, HUNGARY, INDIA, IRELAND, ISRAEL, ITALY, JAMAICA, MALTA, MOROCCO, NEW ZEALAND, PANAMA, POLAND, PORTUGAL, ROMANIA,  SINGAPORE, SLOVAKIA, SOUTH AFRICA, SPAIN, ST KITTS & NEVIS, ST LUCIA, ST MAARTEN, ST VINCENT, THAILAND, TURKS AND CAICOS ISLANDS, TURKEY, UNITED KINGDOM, USA.

 

 

Overseas Mortgage Full Assessment and Quotes

 

 

Mortgages Arranged to buy property overseas

Foreign Property mortgages


Anyone who has had experience in sourcing the finance to buy a property overseas will tell you that it is a good idea to have the finance in place before beginning the search for the property itself, and there is more than one way to raise the necessary money to fund the overseas mortgage.
Its a good idea to get finance in place before you start looking for a property, so you know your budget. If you need a mortgage, there are several ways to raise the money.

 


Remortgage your UK based home


Probably the simplest and quickest way to raise the finance is to remortgage your UK based home. If you have no mortgage on it at all then you can raise the most cash, however if you have an existing mortgage you will only be able to raise the difference between the current mortgage debt and the maximum that the UK lender will allow (95% is probably the maximum anyone will lend, though nothing is set in concrete in the mortgage market!.) It does have a downside, though. You will be putting your UK home at risk if anything goes wrong with meeting the payments on the mortgage. It might mean losing your UK home and being forced to live in the foreign property until such time as you can solve the problem, or sell the overseas property to raise the cash to buy another UK property if this is what you want to do.

 


Borrow from a UK bank to buy overseas based property


British banks will lend to enable overseas property purchase, however they tend to be those banks that have overseas affiliations or arms. A case in point is Santander that is a Spanish lender with UK branches. Theses were originally Abbey National until they sold out to the Spanish mortgage lender a few years ago. Further more, the currency will be in the overseas country so borrowing from Santander in the UK will actually be a Euro mortgage drawn from a Spanish bank even though all the paperwork will be done in English in the UK then passed across to their Spanish partners. One advantage of this is that the UK side will be regulated by the UK based Financial Conduct Authority and they carry a big stick to make sure things go according to the rules.
Other banks include Halifax (Banco Halifax), Lloyds TSB and Barclay but doing the rounds of all theses in order to secure the best deal is likely to be a nightmare and anyone serious about buying abroad should enlist the help of a broker . He can determine quite quickly who will lend and at what cost.

 


Borrow in the country where the property is located.


You will not have the backing of the FSA in the UK, though the foreign equivalent will hopefully exist?.

Finally whichever route you choose to take the lender concerned will need to ascertain that you can afford it, and this means the usual mass of documentation to verify your financial status. A mortgage broker can be invaluable in this respect.

 


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.


 

 

 

No information on this website is intended to constitute advice. This site contains a summary of the information relating to the products and is not intended to promote any specific mortgage or insurance product or provide mortgage or insurance advice. It is for information purposes only.