Be it for a second home, a permanent relocation or investment purposes, mortgage financing offers considerable opportunities to those purchasing property overseas. Not only does mortgaging offer you the freedom to make repayments work for you, but it can also protect you and your future assets.
When not secured correctly and with a view to the protection of the client’s vital interests, the lending process can become a stressful task. Thus, it’s vital to have all the information to hand that enables one to locate the securest and least expensive options possible. When trying to source mortgage deals via one’s own devices, it’s possible to experience problems that can slow down the buying process, such as language barriers and in conforming with the specific lending criteria of overseas banks. In the worst case scenario, you could even end up paying well over the odds on your repayments as a result of being sold unsuitable policies which might, for instance auger massive rises in the rates payable over time as a result of currency fluctuations. In this regard, sound professional advice is highly recommended and it’s advisable to harmonise the mortgage financing with one’s currency transfer arrangements.
We work with seasoned financial advisers who specialise in the overseas mortgage industry and who are able explain the available options. We can arrange introductions to independent consultants who can discuss how to make your finances work for you by finding long-term mortgage solutions. They can source the best deal on the market for you and can also provide help with insurance, tax planning and general savings advice, should you require it. It’s always worth seeking out specialist advice and as Birchwood Stanhope offer free initial consultations with excellent mortgage lenders there’s nothing to lose.