Kingswood Law

Mortgages for overseas purchases

There are an increasing number of people now buying homes abroad, whether as a second home, investment or retirement home.

Call one of our expert mortgage advisers now:

01342 871210

Where do you start? The process is different from purchasing in the UK and your options will often vary depending on the country you purchase in. As far as financing the property is concerned, these are some of the points to consider:

• Is it best to use an overseas or UK based lender?
• Is remortgaging my existing property a better option?
• How much deposit will I need?
• What interest rate can I expect to pay?
• What income will I need to prove?
• What about insurance?

One of our Personal Mortgage Advisers will help you through the process step-by-step, working out how much you can borrow, how much it will cost, and what type of mortgage may be most suitable for you.

They will even take care of all the paperwork for you, so you don't need to worry about a thing.

We will refer you to a specialist if an overseas mortgage is the most suitable option. Overseas mortgages are not regulated by the Financial Services Authority.

You may have to pay an early repayment charge to your existing lender if you remortgage.

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