Overseas Mortgages

Contact the embassy of your chosen country and check with the estate agent the costs/charges of the legal and government authorities for purchasing a property.

Always take a step back after you see what you feel is a "must have" property and it is crucial you are not tempted to put down a deposit there and then.

Do not sign a contract that you do not understand (for example - if it is in a foreign language)

It is essential that you seek in the country of purchase professional advice from independent solicitors, architects and surveyors.

Be mindful at all times and check with the solicitors that there is no debt on the property ie the developer may have borrowed money to build the development which could have been secured against each plot as additional security to the developer's bankers.

Any deposit paid must be written into the contract that it is subject to your gaining a mortgage.

You must arrange an "in principle" mortgage before agreeing to purchase or before signing any contracts and paying over a deposit.

Try to arrange your mortgage in the currency that you earn in.

Open a local bank account and obtain a Certificate of Importation for the funds you bring into the country of purchase.

Set up direct debits/standing orders to meet all bills and taxes.

Ensure that you take out insurance to cover the building (immediately upon exchange of contracts) and contents (after completion of contracts).

YOUR PROPERTY IS AT RISK IF YOU FAIL TO PAY YOUR MORTGAGE, TAXES AND UTILITY BILLS.

Ensure that you take out insurance to cover the building (immediately upon exchange of contracts) and contents (after completion of contracts)

La Bourse Limited - Registered in England No: 1619124

Authorised and Regulated by the Financial Conduct Authority (FCA)

                                         Registration No: 116391