If you are considering buying a property abroad you should make sure you take specialist mortgage advice. The house buying process varies considerably from country to country, with different legal systems and local customs.

There are a number of countries that simply do not allow non-residents to apply for a local mortgage, so for most people, often the best option is to arrange your overseas mortgage in the currency you earn income in.

If you already have a residential property in the UK you may be able to raise money for a deposit by re-mortgaging and releasing equity from this property.

If however you are planning to receive rental income from your property in the local currency then a mortgage in the local currency may be the better option, depending on the mortgage lender's criteria, and the property law of that country.

Our sister company, Mortgage Business, are independent financial advisers with a team of advisers who are able to discuss the most appropriate options available, as well as a department set up exclusively to administer your application through to completion.

For further information or discussion on this subject, call us now on +44 (0)1277 657900 or visit our website: