About Overseas Mortgage Broker
Overseas Mortgage Broker can you help you find the finance for your overseas property purchase.
Our overseas mortgage sourcing system enables us to check whether you qualify for an overseas mortgage. We can access the best overseas mortgage deals for funding overseas property purchases. We will advise you on the best way of raising the finance for your overseas property.
If you need to release money from your UK property to fund your overseas property purchase we can introduce you to our associate company who are a whole of market mortgage broker to ensure you get the best advice.
How do I know if I will qualify for an Overseas Mortgage?
Overseas Mortgage lenders usually base their lending decisions upon what they call a debt to income ratio. They allow a certain percentage of your disposable income and this must cover any debt payments you make including mortgage payments, credit cards or loans.
All income must be provable either by way of payslips if you are employed or accounts if you are self employed.
To advise you on the best way of raising the finance you require we will complete an Overseas Mortgage fact find with you. We will then assess the information and let you know whether you will qualify.
What happens next?
Call us on +44 1482 641397 to discuss your borrowing requirements or complete our overseas mortgage enquiry form by clicking here http://www.overseasmortgagebroker.co.uk/pbl_enquiry_form.php
We will have an initial telephone chat with you to decide the best way of raising your finance.
If you qualify for an Egyptian mortgage then we will complete a fact find so that we can get the information for an agreement in principle from the lender.
If you don’t qualify then we can look at alternative options of raising the finance via a remortgage or secured loan.
I've completed my Overseas Mortgage fact find, what happens next?
Once we have a completed fact find to assess we aim to tell you whether you qualify for an overseas mortgage within 24 hours. We feel it is better to tell you as soon as possible whether you qualify or not so that you can make an offer on your chosen overseas property knowing that your overseas property finance is agreed. If you don't qualify then we can explore other avenues to raising the funds.
By knowing each overseas mortgage lenders criteria, we ensure that we are only submitting overseas mortgage applications to the lenders that will be agreed.
We will then recommend the most suitable overseas mortgage product based upon your circumstances and provide you with details of the interest rate, what supporting paperwork is required and what fees are payable.
Once we have your confirmation that you are happy to proceed with our overseas mortgage recommendation then we will commence your application and send you the relevant paperwork to sign.
When we have collated all the relevant paperwork and supporting documents we will then send these to the lender.
We will then keep you informed as to how the application is progressing on a weekly basis or sooner if we have any news.
Are there advantages in taking out an overseas mortgage?
The main advantage of taking out an overseas mortgage is the lender will carry out checks on the property such as an independent valuation. The lender will also ensure clients have clear title and the property is registered in the clients' name upon completion.
How much do you charge for your services?
There is no charge to assess your overseas mortgage fact find.
If you are happy with our recommendation and wish to proceed with your overseas mortgage application then we charge a fee of up to 1% of the loan amount subject to a minimum fee of £500 or its currency equivalent. Half of this fee is payable upon application and the other half is payable when you receive the mortgage offer.
Why should I use Overseas Mortgage Broker?
We assess your initial overseas mortgage enquiry free of charge.
We have developed a comprehensive overseas mortgage sourcing system which provides us with up to date overseas mortgage products and lender criteria.
We are able to act quickly.
We will provide you with regular updates on your overseas mortgage application. We apply regulated mortgage principles to an un-regulated mortgage market.
You should be aware that overseas mortgages do not fall within the regulatory responsibilities of the Financial Services Authority (FSA). This means that if you choose to take up an overseas mortgage you will not have the means of redress offered by regulated mortgage contracts in the event that you have a complaint.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage.
The sterling equivalent of your liability under a foreign currency overseas mortgage may be increased by exchange rate movements. |
