Best overseas mortgages found on the high street
Mortgage Brokers - 01/09/2006 11:58:08
British mortgage brokers can help expats trying to get a mortgage abroad, according to reports.
Getting a second mortgage from a bank or building society is one of the easiest ways to get your hands on some spare cash for an overseas investment, according to a Daily Telegraph report.
However, if you do not have a UK property to lend against, you can still find the answer to your problem on the high street, with many British banks and mortgage brokers offering great deals on overseas mortgages through local or subsidiary businesses.
HBOS and its sister company Bank of Scotland International are just one example of recognised UK firms who can offer you a great rate on foreign mortgages through business interest in Spain, Holland and Australia.
Ranald Caldwell, from Bank of Scotland International, said: "Our subsidiaries will have a broad band of rates which will cover 80 per cent to 90 per cent of our customers, but cases will be assessed individually by our local subsidiary."
However, if you want to use a local firm to organise your mortgage, experts recommend that you consult a mortgage broker who will negate any potential language barriers and legal issues.
If you're thinking of buying a property abroad, click here to find mortgage brokers who can offer you advice.