You may have enough capital to purchase a new home outright, you may want to consider the option of a mortgage. To begin with, it allows you to raise your spending power and possibly purchase a home that will suit you better in the long term. It also enables you to preserve your capital and deploy some to furnish your new home with the furnishing and décor of your choice, order a new car or even a boat to match your new lifestyle in the sun.

You will recognise some of the types of mortgage on offer: variable interest, fixed interest or mixture of both. Most banks supply all mortgage documentation in English and offer a tailor-made service for overseas borrowers.

Most institutions lend up to 70% of the property value for non-residents and up to 80% for residents with a choice of repayment periods from 5-30 years.

It is very important to know that in this day and age there so many ways of arranging funding for your Dream property in any country of your choice.

Worldwide Property Experts are able to help you in arranging your own mortgage whether it be in the UK or Overseas.

Don't forget, if you're buying a holiday home for your own use, renting it out when you're not there could generate sufficient rental income to partially or totally cover all of your mortgage payments and even return you a profit.

Below is a list of examples of funding options.

1, Mortgage

2, fixed rate

3, Interest only

4, Capital repayment

5, Capital repayment & Interest only

6, Equity release

7, Alternative funding

8, Differed payments

There are many other ways of funding your overseas property, give a call or email us and one of our financial advisers will help with your enquiry.

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