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International Mortgages
ARE YOU CONSIDERING PURCHASING AN OVERSEAS PROPERTY & REQUIRE FINANCE?
Although you could raise the finance against the security of your existing UK (or even possibly your overseas property*), there are a number of alternatives available by raising the required finance against the new overseas property* - subject to your personal financial status and valuation of the property.
*details of which countries this applies to are available on request
By raising the finance on the overseas property it enables you to not only spread your payments against other security, but also possibly benefit from lower interest rates and repayments.
Dependant on the country you wish to purchase in, Loan to Values (LTV) vary from 60% up to 90% - in countries such as France, with both Repayment & Interest only loans available in a number of jurisdictions.
You should be aware the underwriting can be stricter than in the UK and the majority of lenders will take into account your existing financial status. How much you can borrow is often based on a percentage of net disposable earned income, less existing liabilities and some lenders will not take into account any rental income to be received from the new overseas property.
To get a FREE “decision in principle” (within 24-48 hours), please click here to complete the online form and we will contact you to discuss your requirements, alternativley e-mail: intlmortgages@abg.net.
For genral enquiries please e-mail: info@abg.net. |
