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Mortgages made easier - 14 February 2008
Getting your finances in order to buy a property overseas is one of the most important things when planning to buy your dream home abroad, but one that is often overlooked. People spend less time on working out how they should be paying for their new home overseas than they do on going to exhibitions to look at the properties themselves, but choosing the wrong finance option could cost you thousands of pounds.
BuyAssociation is aiming to help buyers to make the right decisions in what can be a confusing and crowded arena, and in partnership with independent mortgage brokers International Private Finance Ltd, we have compiled a series of Best Buy Tables to guide you through the finance options. The tables show what the potential mortgage options are for you to get finance in the country of your choice, with sample repayments for different kinds of mortgage.
This one-stop shop for the mortgage options for the countries in question is the ideal guide to not only let you know what the mortgage costs are for each country, but also to give you a more complete idea of what you will be able to afford.
Finance is often slightly neglected in the excitement of buying a property overseas, and many buyers are left unaware not only of the range of products available to them, but also what difference each of these could make to how much they end up paying for their property. Seeking specialist advice on whether you are best served by financing in the country in which you are buying or from the UK, as well as what type of mortgage to go for, can be invaluable. Finding the right mortgage product will potentially save you thousands of pounds, leaving you with more money available to furnish the property, or just to enjoy when you get there!
Our Best Buy Mortgage tables will be regularly updated with the latest figures, and can be found at the end of the Buying Guides for France, Florida, Italy, Portugal and Spain, with more countries on the way soon.
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Portugal — New Launch in Tavira, 10% deposit. Greece — Development Land and Full Project opportunities. Krakow, Poland — Top release, designer city apartments. 5% deposit. Dubai Marina — Exclusive release, 15 year payment plan. Ras al-Khaimah — Pre-release purchase option. Turkey — Flagship Bodrum beach resort to launch new phase. Caribbean — Discount opportunity in St Lucia. Morocco — New release in master plan beach and golf resort. US — Florida resort release, take advantage of the strong pound and guaranteed rental income.
*Subject to a written positive RealtyCheck, Onpulse property offer to fully refund the client any initial conveyance fee to our Partner Live Overseas should they not wish to proceed with the purchase based upon any legal matter raised by Live Overseas relating to the property title that did not form part of the RealtyCheck Report. This refund is up to a maximum of £1500 per client.