Overseas

If you are thinking about buying an overseas property there are many things to take into consideration.  Each country has a different process, so do some research and be well prepared.

There are lots of mortgage options available to UK residents looking to buy a property overseas; the market is buoyant so many lenders are competing strongly for your business - giving you a wider range of mortgage products to choose from.

Can you afford to make the move?

Your overseas mortgage will probably last between 10 to 25 years; this is a long term financial commitment, so remember to consider the following expenses before making a final decision:

• Legal Fees
• Foreign property expenses
• Utility Bills
• Property and Life Insurance
• Groceries
• Transport
• Leisure

Do you have to switch bank accounts?

This depends on whether you are buying a holiday home or want to make the move permanent. For instance, if you want to move your career abroad, you may need a domestic bank account to receive your wages.

For more information, discuss this with your financial advisor who will assess your financial needs throughout the process.

Consult a Financial Advisor

The mortgage and legal processes vary between countries and are characteristically different from the UK market. Choose a financial advisor with specialist knowledge on the legal and purchase process, they will be able to guide you through the sale and get the right mortgage for you.