Overseas Residential Mortgages

Interest in purchasing a property overseas has greatly increased over the last couple of years, with popular areas such as Spain, France, Portugal, Italy and parts of the USA showing an increase in sales.

As well as past repossessions, other secondhand properties and new builds, there is an increasing choice available to hopefully suit all purposes, including holiday, investment and eventual retirement.

If purchasing by cash is not an option, then raising a mortgage secured against the property could be an ideal option and if using an independent bank not linked to the development/property.  They could also possibly assist with confirming the legality and valuation of the security. Overseas mortgages are currently possible through my lending sources secured against properties in the following countries/areas:

ALDERNEY, ANDORRA, ANTIGUA, AUSTRALIA, AUSTRIA, BAHAMAS, BARBADOS, BELGIUM, BERMUDA, BRITISH VIRGIN ISLANDS, BULGARIA, CANADA, CAPE VERDE, CAYMAN ISLANDS, CHINA, CORSICA, COSTA RICA, CROATIA, CYPRUS, CZECH REPUBLIC, DOMINICAN REPUBLIC, DUBAI, FRANCE, GERMANY, GIBRALTAR, GREECE, GRENADA, GUERNSEY, HOLLAND, HONG KONG, HUNGARY, INDIA, IRELAND, ISLE OF MAN, ISRAEL, ITALY, JAMAICA, JERSEY, LUXEMBOURG, MALTA, MEXICO, MONACO, MOROCCO, NEW ZEALAND, PANAMA, POLAND, PORTUGAL, ROMANIA, SINGAPORE, SLOVAKIA, SLOVENIA, SOUTH AFRICA, SPAIN, SWITZERLAND, THAILAND,TRINIDAD AND TOBAGO, TURKEY, UAE and USA.

Please note some countries may be subject to minimum lending criteria.

Please note that not all individual dependencies are shown for the Caribbean, but assume all areas are covered. Plus, if a country is not shown, it is always worth contacting us to check if the situation has changed, OR if it is for a large loan – ie: over £1 million – we can, through my lending sources, sometimes arrange these types of overseas mortgages on a case-by-case basis regardless of country (except if it is a war torn or dubious country), subject to the type/valuation of the property and client’s financial circumstances etc.

Loan to value, interest rates and other lending criteria do vary dependant on your own personal financial status, type and value of the property, location, loan size and whether you are borrowing/purchasing in your own name or a local or offshore company name.

Example maximum loan to values include France = 80%/85%; Italy = 60%; Portugal = 80% =; Spain = 70% and the USA = 70%/75% (dependant on which State).

To establish whether we can assist you further with an overseas mortgage, please click here to complete the relevant questionnaire.