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Getting the best deal as an
expat on an offshore mortgage (sometimes international
mortgages) can prove difficult. Different lenders operate in
different countries and the rules and criteria can vary from
country to country.
If you're an expatriate thinking
of borrowing money through an mortgage, whether it be
for house purchase, capital raising or even inheritance tax
planning, there are a number of questions you will have,
such as:
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How much can I
borrow?
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How much deposit do I need?
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What is the lending
criteria?
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What's the best rate I can
get?
Before these questions can be
answered, it is important to consider what type of mortgage
you want, whether the interest rate is fixed and won't
change, or is variable and go up and down. Perhaps you would
be best with a discounted mortgage or one that is capped at
a maximum level. The other main issue is the decision on
which currency to take the mortgage in, Sterling, Euros,
Dollars or perhaps the local currency.
If you’re
an expat, and want to ensure that you and your loved ones
are protected in the event of your death or ill health, and
want to discuss your options and get some free quotations
without obligation then contact us to speak to an independent financial
adviser for expatriates, on +357 99 159 857 or
contact
us online.
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