MORTGAGES FOR OVERSEAS RESIDENTIAL PROPERTIES

We’ve helped hundreds of people get overseas mortgages for residential properties over the last 35 years

A whole world of possibilities

Have you chosen where you’d like to buy your next overseas property yet?

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 suit all purposes, including holiday, investment and eventual retirement.

Our Top Three Tips for Purchasing Property Abroad

Top Destinations

Not sure where you could buy a house? Here is a handy list of top destinations where overseas mortgages are typically available.

If purchasing by cash is not an option, then raising a mortgage secured against the property could be an ideal alternative, especially if you utilise the services of an independent bank, not linked to the selling agent, development and/or property. They may also be able to assist with confirming the legality and valuation of the property that is being used as security.

Overseas mortgages are currently possible through our lending sources secured against properties in the following countries/areas (the minimum and maximum amount will depend on the chosen country, purchase price/valuation and your overall personal financial profile, noting that loans less than £50,000 are only considered on a case-by-case basis):

Europe (Eastern)

Bulgaria
Croatia
Czech Republic
Hungary
Poland
Romania
Slovakia

 

Europe (Western)

Alderney
Andorra
Austria
Belgium
Corsica
Cyprus
France
Germany
Gibraltar
Greece
Guernsey
Holland
Ireland
Isle of Man
Italy
Jersey
Luxembourg
Malta
Monaco
Portugal
Spain
Switzerland
Turkey

Americas & The Caribbean*

Antigua
Bahamas
Barbados
Bermuda
British Virgin Islands
Canada
Cayman Islands
Costa Rica
Dominican Republic
Grenada
Jamaica
Mexico
Trinidad and Tobago
USA

Asia & Oceania

Australia
China
India
Hong Kong
New Zealand
Singapore
Thailand

Middle East & Africa

Cape Verde
Dubai
Israel
Morocco
South Africa
UAE (On a case-by-case basis)

*Please note that not all individual dependencies/territories are shown for the Caribbean, but assume all areas are covered.

Interest Rates

Loan to value, interest rates and other lending criteria do vary depending on an applicant’s current overall personal financial status, type and value of the property, location, loan size and whether they are borrowing/purchasing in their own name or a local or offshore company name.

The minimum overseas mortgage is £50,000, but the maximum available will depend on the location/country where the finance is required and where the applicant is currently located.

Example maximum loan to values in the current most popular countries:

  • Australia = 60%/70%
  • Canada = 65%
  • Cyprus = 50/60%
  • Dubai = 60%/65%
  • France = 70%/80%
  • Germany = 60%/70%
  • Greece = 65%
  • Holland = 60%/70%
  • Ireland = 60%/65%
  • Italy = 60%
  • Monaco = 60%/70%
  • New Zealand = 60%/70%
  • Portugal = 70%/80%
  • South Africa = 50%/70% (SA Nationals/Expats max LTV 70%, otherwise max LTV 50%)
  • Spain = 60%/70%
  • Switzerland = 60%/65%
  • USA = 60%/65% (Florida = 65%/70%)

 

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 (i.e.: over £1 million) we can, through our 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 overall personal financial circumstances etc.

Free Overseas Mortgage Assessment

If you require a mortgage for financing your overseas property, please complete our questionnaire and we will let you know if we can assist further.