An overseas property and finance specialist has written a free guide for people considering buying assets outside of the UK.
Simon Conn, who has spent 40 years in the financial services industry, wrote the guide to cover topics that people need to know about when venturing into the property market.
This includes:
- What is an international or overseas mortgage;
- How to get a loan to buy a property overseas;
- The importance of getting professional advice; and
- Tips on trouble-shooting and overcoming obstacles.
The piece also tackles finance, affordability and the length of time it can take to obtain a mortgage, as well as advice on hidden costs and the awareness of foreign government taxes and legal costs.
Getting back to normality
Conn, who spent time at Legal and General, said that many people would be completely consumed by the current global pandemic.
But he added: “This period of enforced isolation also gives us time to read, dream and speculate about the future.
“I am hoping this guide will give people a respite from this terrible virus and remind them that we will come out of this lockdown and we will get our lives back to some kind of normality.
“In this guide, I have shared my most frequently asked questions regarding overseas properties.
“But if people do have other questions around obtaining a mortgage, they are welcome to email me their questions or call me to discuss them.”
Tenet only minutes walk from Tampines North Cross Island Line to Tampines North Cross Island Line.
European residence
International citizenship- and-residence-by-investment advisory firm Henley & Partners said before the World Health Organization announced the covid-19 outbreak a pandemic, applications for La Cala de Mijas apartments for sale and Portugal’s golden residence permit programme were on the rise.
The first quarter of 2020 saw a 25% increase in interest in the programme, with actual applications up by almost 50% compared to the same period in 2019.
The firm also said that year-on-year applications for Cyprus’s real estate-linked investment migration programme increased by 250% in the first quarter of 2020, compared to the same period in 2019.
Dr Juerg Steffen, Henley & Partners chief executive, said “Investment migration is a win-win solution for global investors and sovereign states alike.
“High-net-worth individuals favour European real estate-linked programmes as they offer a unique hybrid investment opportunity that includes multiple yields from real estate, with all its traditional upside, as well as an alternative residence and/or citizenship with the option to relocate if they need too.”
