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OVERSEAS
MORTGAGES
Any lender will look at your income and expenditure in much the same way they would for a domestic mortgage
but their criteria will be dependent on the country you choose. So, for example, you may find that you are allowed to borrow
much less (or more) than you could in you home country. Overseas mortgage terms will not usually be as lengthy as they are
in some countries. Some countries will give you a mortage for 10 years, in others it could be 20 years and even 30 years.
Also in some countries you would not be able to borrow more than 60% on the property value.
In general you will be expected
to place a larger deposit for an overseas mortgage.
You may consider dealing with a subsiduary of your country bank if
there is one located in your country of choice. You may find you will be offered similar deals.
The legal and administrative
ramifications of overseas mortgages can be extremely complex, depending on the country you choose and it is very easy to get
the purchase process wrong. Titles in some countries ( Brasil for example ) are very complex and you must have a very good
property lawyer to investigate the property or you could find a third party laying claim to your property once you have paid
for the home.
Whatever mortgage you decide on, whether in your own country or overseas our trained staff can assist
you in that very important purchase. Should you require the assistance of experts feel free to fill out the attached form
and let us give you the correct advise.
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