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Mortgages abroad
sleepyk
Posts: 18 Forumite
Does anyone have any advice regarding getting a mortgage abroad? We are looking to buy in the Seychelles where my mum is from but at 79 she is too ‘mature’ to get a mortgage so we want to do it for her. Can you get a mortgage in uk to buy out there? We own our own home here (mortgaged) ...have no clues personally. Any help given would be appreciated
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@sleepyk I have had clients with similar needs who used a further advance or a capital raise remortgage to raise the funds needed and make an outright cash purchase overseas (Asia and Africa as far as I can remember). You just need sufficient equity in your property and a lender who is ok to lend for that reason).
I have no idea how expensive/cheap properties are in the Seychelles so this may not work for you.
I'm pretty sure there's no mainstream option that will allow you to take out a mortgage in the UK to buy a property in Seychelles.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.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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I remember being at a conference and there was a company called Conti who did mortgages for properties abroad. I have no idea how good/bad they are and it is definitely not a recommendation, but it is quite a specialist broker you will need as they will have access to products normal brokers do not.I am a Mortgage AdviserYou 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.0
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