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1st time buyer, buying abroad

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:confused: I would like to buy abroad and live in a tied cottage at present, any suggestions for a first time buyer buying abroad as to mortgages and any dos or don'ts as I know this can be quite a risk. Any help appreciated R :confused:

Comments

  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I don't deal with these myself but if you send me your contact details I can refer you to a specialist company
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Ian_W
    Ian_W Posts: 3,778 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    This isn't a recommendation, in fact when we were buying abroad we found their fees quite high, but worth having a look around this website:
    https://www.mortgagesoverseas.com/

    Where are you thinking of buying? What's the purpose, holiday home/holiday let/pure investment as a BTL? Bit difficult without knowing a little more of where and why you're buying.
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Are you a UK Citizen? which country do you wish to buy in?
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • aroma44
    aroma44 Posts: 43 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Are you a UK Citizen? which country do you wish to buy in?
    Yes - UK Citizen wanting to buy in Greece
  • HelpWhereIcan
    HelpWhereIcan Posts: 1,343 Forumite
    The fact that you are a first time buyer should be ok, but you should get UK based advice before committing to purchasing a property in Greece.

    As with anything else and as you would when buying a property here, speak with a couple of places to get an idea of what may be available.

    Most brokers should be able to get you 'agreed in principle' before you go on any viewing trips.

    Be wary of using advisers based in the ea in Greece and signing on the day. Check this against whatever your UK based adviser can offer.

    Good luck

    Hope this helps
    I am an IFA (and boss o' t'swings idst)
    You should note that this site doesn't check my status as an IFA, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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