Overseas property mortgages

If you are buying a property abroad, then there are a lot of things to think about. The whole process of buying a property may be, and most probably is, significantly different from the process in the UK.

When it comes to getting a mortgage, you may think that you can't get one from a British bank or building society. However there are specialist products available for those who are looking to get a mortgage on an overseas property, depending on which country it is in.

For instance, some banks take advantage of their international presence to help you do this. With HSBC you can get introduced to their French or Maltese property experts and they also work with a provider in Spain.

In the above instance of HSBC, they partner with Solbank which is part of the Banco Sabadell Group to offer mortgages for Spain, Balearic Islands and also the Canary Islands.

There are various benefits to a service such as this particularly for those who need English language banking and mortgage services! If you get introduced to the partner of a British bank through that bank then often there will be preferential rates that you can take advantage of.

Several other banks and building societies offer products directly or indirectly on mortgages in a wide range of countries, although predominantly European ones, so it is worth researching the options and not assuming from the start that you will have to get a mortgage with a foreign institution in the country you are buying the property.

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Overseas property mortgages

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