Investing Abroad

Buying a property abroad can be an exciting venture, but financing can be a major hurdle. Whether you’re looking to purchase a holiday home, an investment property for your child studying abroad, or a retirement destination, there are several financing options available to you.

  • Loan-to-value ratios are often lower, typically ranging from 50 to 75 percent of the property value.
  • Loan terms are shorter, with 30-year loans being uncommon.
  • Interest rates are usually adjustable, not fixed.
  • Some lenders may require life insurance as a loan guarantee, potentially limiting the loan term for older borrowers, as insurance coverage may only extend up to age 75. For instance, a 60-year-old borrower might be limited to a 15-year loan term in cases where insurance is mandatory.

An overseas mortgage is essentially a loan taken out on a property located outside your country of residence. This can be obtained from a local bank or an overseas lender in the country where you’re making the purchase. The best approach for you will depend on your individual financial circumstances, so it’s crucial to conduct thorough research before making a decision.

Contact us to find out what it takes to buy abroad and get a mortgage abroad.

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