Foreign Mortgages

Foreign mortgages have become more popular in the last few years as interest in foreign real estate has enabled UK investors to buy into the property markets in countries as far afield as the Caribbean, Morocco and the Dominican Republic.

Foreign mortgages work in the same way as in the UK but will have certain conditions that apply depending on the country in which you wish to live. For example, most foreign mortgages will not offer lengthy loan periods and may only offer mortgages for ten years maximum. Also 100% mortgages are not likely to be offered as most lenders will stipulate a maximum of 75% Loan to Value.

For help arranging foreign mortgages, you could consider using the experts in foreign property, Barclays. They offer a Buying Abroad Service which will:

Search the market to find the most competitive rates
Find foreign mortgages abroad from a range of providers
Get expert mortgage advice
Compare foreign mortgages and tailor them to your specific requirements

With one simple form to fill in Barclays Buying Abroad Service can help you find the most suitable foreign mortgages in the country of your choice. Simply follow the link to see the options available to you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.