Complete Overseas Mortgages

Complete Overesea Mortgage Solutions

FAQ'S

1.Why use a broker?

2. What are your fees?

3. How much can I borrow?

4. How long does it take to arrange a mortgage?

5. How do I apply?

6. Do I need to take legal advice?

7. Should I use a currency transfer company?

8. Can I just release equity from the UK?

9. Can I release equity from my property overseas?

10. What costs are involved?

1.Why use a broker
Arranging a mortgage overseas can fraught with pitfalls. We have extensive experience of arranging mortgage finance overseas. We have established relationships with lenders and we fully understand what requirements lenders have and our aim is to make your arrangements run as smoothly as possible

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2. What are your fees?
We will carry out free of charge a full assessment of your application and inform you if your application will succeed. Upon application we charge a non refundable administration fee. The exact amount of this fee will depend on the country in which we are arranging finance

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3. How much can I borrow?
Overseas mortgage lenders will asses the amout you can borrow based on your ability to repay the mortgage. There are no self certification mortgages. If you are purchasing a property to let lenders are happy for you to let the property and in some circumstances will use rental income in the affordability calculation

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4. How long does it take to arrange a mortgage?
Generally mortgages overseas take a little longer to arrange than loans in the UK. We generally advise a period of up to 8 weeks, though this can be a lot quicker

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5. How do I apply?

You can apply in one of 3 ways

1. Complete our online enquiry form

2. Call us

3. Or use the call me back facility

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6. Do I need to take legal advice?
In many countries overseas the conveyance of property is handled by a notary (public official) and as such a solicitor is not needed. However we strongly recommend that appropriate legal advice is taken. We have contacts with legal companies that can advise you in these areas

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7. Should I use a currency transfer company?
These companies specialise in transferring funds overseas and will generally provide a better rate of exchange than the high street banks. We recommend CaxtonFX Please click on the link for a free quote

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8. Can I just release equity from the UK?
Yes you can and in effect you will be a cash buyer COMS are not regulated for UK mortgages however we can introduce you to suitably qualified UK mortgage broker

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9. Can I release equity from my property overseas?
Yes you can we have access to mortgage schemes that will allow you to release equity tied up in a property overseas

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10. What costs are involved?
As well as the lenders fees you will have to consider the notary fees and local taxes and these can vary from country to country. We will be able to provide you with an indication of these fees

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