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Overseas mortgages in the EU, the USA and South Africa
Buying a property overseas can seem a lot more complicated than it needs to be. As well as learning the language and understanding the local culture; financing your new property is likely to be one of your major concerns.
At ITV Local Mortgages our expert consultants will guide you through this process whilst bringing you the most competitive rates in the market. We offer mortgage advice and arrangement for anywhere in the EU, the USA and South Africa, plus many more countries.
Some important things to consider:
If you are buying a property abroad and have a residential property in the UK then you have an important choice to make. You can release some equity in your UK property to fund your overseas residence or alternatively arrange finance on your international purchase.
Exchange rates will influence your decision whether to secure a mortgage domestically or borrow on an international currency and at ITV Local Mortgages we have access to both foreign currency and sterling mortgages. Borrowers need to understand the implications that exchange rate fluctuation will have on a foreign purchase and ITV Local Mortgages will make a decision based on your situation.
We charge a one-off fixed fee of just £195 for remortgages, £375 for purchases, £750 for buy to let and £995 for credit impaired-mortgages.
Alternatively, for purchase and remortgage business for your own residence you may pay a fee of 1% of the mortgage (2% for credit impaired mortgages) and any commission received from the lender will be returned to you after completion. The minimum fee is £1,000 (£2,000 for credit impaired mortgages). On a mortgage of £180,000 the fee payable on completion would be £1,800 (£3,600 for credit impaired mortgages).
To make sure you get your dream home and perfect mortgage with a no fuss approach call ITV Local Mortgages today on 0808 156 00 18.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Overseas mortgages are not regulated by the Financial Services Authority