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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?
-
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.
CLR Overseas offer specialist
advice independent offshore mortgage advice to UK expats,
and expats of many other nationalities. Here's some examples
of the countries we have arranged mortgages in:
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Cyprus
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Romania
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Bulgaria
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Spain
If you have
a question or want to know more about offshore mortgages,
then contact CLR Overseas -
offshore expat independent financial advisers, based in Cyprus - free
and without obligation on +357 22 898684 or
contact
us online. We can then put you in touch with your
local representative, who can discuss your options in more
detail, free and without obligation.
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