- Tax efficient planning
It is essential to understand that there are considerable differences between overseas and the more traditional UK mortgages.
When arranging for an overseas mortgage there are many potential pitfalls which can leave you exposed if you have not taken the appropriate advice. In the current overseas property market you should be more diligent and stick to decisions that you have made. It is essential that either you or your mortgage specialist is fluent in the language of the country that you are buying in to avoid disappointment at a later stage.
Every country has a different set of laws governing property in separate regions. If you are not aware of some of the regulations it could lead to misunderstandings and potential heartbreak further along the line. It would be a good move to get in touch with a renowned international mortgages expert who will be able to guide you through the process and inform you of any rules you must adhere to when buying property overseas.
Whether you are at an early enquiry stage or have already found a property, it is always a good idea to seek expert help in order to advise you on lending criteria, property laws and help you with the customs of property buying in the area.
If you wish to release equity from your current property, either for investment purposes or to buy a second home, you may wish to consider taking expert advice on the process.
It is essential that you are recommended a mortgage product that suits your circumstances and helps you achieve the goal you have set for yourself. You even have the option to take out interest only mortgages which could potentially help you keep costs down.
If you are considering remortgaging your existing property because you are either paying too much for it, or wish to reduce payments on it until you have sold it, then a remortgage could be the answer for you.
By remortgaging your property it could allow you a more comfortable lifestyle than your previous mortgage allowed.
Choosing the right insurance product can be difficult especially if you are new to a country, their language and the legal system. This is why it is imperative to choose an insurance broker that will recommend the right products to match your circumstances.
Living overseas you may wish to consider insurance for the following to prevent any unwanted costs should something go wrong:
• Holiday home
I am to provide independent and impartial advice to clients for their mortgage needs. We cover a comprehensive range of services including overseas mortgage plans, foreign currency exchange, insurance and expert legal advice.
We work with a panel of lenders in each country ensuring a wide range of mortgage products are available to our client base. We will always recommend the best product to suit your own specific needs and can offer you exclusive terms which may not even be on the open market.
We have also developed relationships with specialist expatriate insurers allowing you to get the cover that you and your family deserve. We offer a wide selection of products which are provided by international insurers based worldwide and are able to offer plans including healthcare schemes for corporate groups.
We can help make finding the ideal funding solution for your home as easy and pain-free as possible.
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All the advice I offer is free and without obligation.