Mortgages - Is Buy to Let a Dream or a Nightmare?

 

Main Menu

BUY TO LET MORTGAGES

MORTGAGE LEADS ONLINE

MORTGAGE WEBSITE

NATIONWIDE MORTGAGE

REMORTGAGE

MORTGAGE COVER

MORTGAGE MARKETING

Information

 

 

Offshore Mortgages for Non-UK & UK Residents buying UK Property

If you fall into any of the following categories and are considering buying or remortgaging a residential property in the UK for investment or buy to let purposes, you could be one of them:

(a) Non-UK residents (UK expatriates and Nationals of another country) wishing to purchase/remortgage a property in the UK for investment/buy to let purposes

(b) UK residents (Non-UK domiciled) wishing to purchase/remortgage a property in the UK for investment/buy to let purposes

(c) UK residents but deemed Not Ordinarily Resident in the UK for tax purposes, wishing to purchase/remortgage a property in the UK for investment/buy to let purposes during the period of their UK residency

Offshore Mortgage Property Purchase




Properties may be purchased via a UK Regulated Mortgage Contract for any applicants wishing to use a property as their main residence.

Properties can be purchased using an Offshore Company or Trust.

The applicant(s) may instruct their own solicitor for mortgages up to ?2.5m. or currency equivalent when the borrowing is in personal names and up to ?1m. when it is in company/trust name. For mortgages above these thresholds, the lender will instruct an approved solicitor to act on its behalf.

A RANGE OF OFFSHORE MORTGAGES IS AVAILABLE:

Residential Mortgage Residential Currency Mortgage Buy to Let Mortgage Buy to Let Currency Mortgage

A PROFESSIONAL ADVISER SHOULD PROVIDE :

Tax efficient mortgage products for Foreign National & Overseas clients Foreign Currency or Sterling Mortgages Individual or Trust or Company Borrowing Attractive Interest Rates Experienced staff who will provide you with an efficient, friendly and knowledgeable service A simple, easy to use application process backed up with quick decisions

Whatever your circumstances and requirements, an Offshore Mortgage Service should provide a mortgage product that is designed to suit your situation. It should also support you throughout the process of buying the property, whether the application is in a personal name(s) or an Offshore Company/Trust.

There is no maximum amount of borrowing but loans are limited by being subject to a maximum of 80% of the lender's professional valuation of the property.

For Investment/Buy to Let properties, the rental income must equate to a minimum of 125% of the annual (interest-only) borrowing costs and the tenancy must conform to Assured Shorthold Tenancy (AST) and Company Lets will also be considered

There s a good choice of agents out there. Just log on to the Internet and you ll find all the help you need.


You can find additional technical resources for this article in the technology section at: http://www.proprint.co.uk

Google
Copyright 2003 - 2013
Colour Toner refill | Ink refills and ink | InkTec cartridge refills | Refill inks