As if there was anything which couldn't be done at Mortgages for Christians!

Yes indeed, and over the past few years we have been receiving an ever increasing number of enquiries in this regard.  With so many UK residents actually planning to retire abroad and others taking advantage of the comparative ease of travel which makes even the most far flung destinations accessible travel wise these days in which to purchase overseas properties as an investment, or for holiday use, the required mortgage provision has become an important part of our overall activities.

If you are interested in purchasing an overseas property we suggest you visit the website of our associate company at www.opshowcase.com

If you then require mortgage facilities to help purchase a property we will be delighted to help you.

Although they have been slow to catch on, a small number of UK Building Societies and Banks are now offering mortgages to help purchase properties abroad, with the mortgage being secured on the foreign property but as yet the numbers are few and several are very stringent in their qualification requirements.   The number of countries in which the lenders are prepared to lend is also very restrictive.   Still what is available from these sources we can advise upon, and as always, select the most suitable according to applicable circumstances.

Mortgages to purchase properties abroad are also available from lenders in the country in which the property is situated in many circumstances, but matters such as currency fluctuations and understanding the applicable legal situation need to be looked at carefully.

Spain and America are featured particularly on our web site referred to above, but UK lenders are now looking favourably at other European countries.  We will advise on an individual basis, of course, and the best plan is for you to simply tell us what you are planning and we will do all that we can to assist

By far the vast majority of our clients who are buying overseas properties, and are not fortunate enough to have the cash available to complete the purchase, use the equity available in their own domestic property (or other investment properties in some cases) either to purchase the property they are buying outright, or to provide the required deposit.

Some people do not disturb these arrangements; others will recoup the funds they have provided from drawing on the equity in their 'home' property by taking out a mortgage on the foreign property when this becomes possible.

This facility - usually completed by way of a remortgage - is a speedy way of obtaining funds, but it is very important to take care and professional advice The last thing you would want to happen would be to come to repay the remortgage you have obtained on your property in this country, only to find that you were involved with heavy redemption or settlement penalties.  As always, we will guide you through the various requirements.

The rise in property values in the UK over the past few years has provided many homeowners with what, in effect, is 'cash in the bank' and making funds available to purchase an overseas property - turning what may have been a dream into a reality.

See www.opshowcase.com for further information.