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Amber Overseas - Overseas Mortgages

Financing the purchase of an overseas property can be difficult. Amber Overseas Property Consultants has professional relationships with financial experts.

We are able to offer support and advice whether you wish to finance your overseas property by re-mortgaging in the UK or obtaining finance overseas.

Through our network of partners we will be able to provide you with access to the expertise and support you need to arrange the best finance and legal package for you.

When considering the options for a mortgage on your overseas property there are a couple of choices to consider;

1. Do you consider raising finance on your existing property in the UK to cover the whole cost of your purchase abroad? A good idea if the interest rate in the country in question is a lot higher than it is here in the UK as you will pay a lot less in monthly repayments.
2. Do you secure a mortgage against the property from a local bank in the country of purchase? This can be a wise option especially if the interest rate is lower than our current UK interest rate. Most overseas mortgage / bank lenders will require up to 30% deposit on mortgages. However, you will need to give some thought to how you will service your mortgage payments each month especially if you are not living or earning in that country as you may well lose out on exchanging money each time to cover monthly expenses. Check out our Foreign Currency page to see how you can save money in this example
3. Some Builders and developers may well offer their own mortgage facilities on their properties for sale. This can be beneficial to both parties depending on the logistics of the mortgage or loan facility. Always check and compare with the two options above before making your final decision.