Overseas Mortgages

Mortgages for buying property abroad

If you are considering buying a property abroad you should make sure you take specialist mortgage advice.

The house buying process varies considerably from country to country, with different legal systems and local customs.

For most people the best option is to arrange your overseas mortgage in the currency you are earning income in. If however you are planning to receive rental income from your property in the local currency then a mortgage in the local currency may be the better option, depending on the mortgage lender’s criteria.

If you already have a residential property in the UK you may be able to raise money for a deposit by remortgaging and releasing equity from this property.

Tips for buying abroad

You should always seek specialist advice from independent solicitors, architects and surveyors before committing to purchasing a property overseas. They should know the country’s laws and the local house buying process.

You should always arrange an independent valuation of the property. The valuation will highlight any problems with the property itself but also, and very importantly, any boundary disputes.

You should never sign a contract that you do not understand. This includes translated contracts – always get the original contract checked by a specialist.

We do not provide any advice on overseas mortgages, however we can refer you to an authorised third party

Changes in the exchange rate may increase the sterling equivalent of your debt

The Financial Conduct Authority do not regulate some of the products/services listed

Call us on 0800 024 6180 or send us an email at info@3cms.com 

3 Counties Mortgage Services Limited is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. 3 Counties Mortgage Services limited is registered in England No 04634675, registered address 46-48 Rothesay Road, Luton, Bedfordshire LU1 1QZ

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

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