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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.
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,
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.
It’s 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
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.