Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First Mortgage Advice

Buying Property Abroad

Why Buy a Property Abroad?

There are a growing number of reasons why buying a holiday home abroad is appealing.

  • Property abroad can produce good capital/equity growth
  • Rental yields can also be excellent
  • Rising house prices in the UK has given homeowners the opportunity to remortgage and release equity
  • Funds released are often enough to buy a holiday home outright or they can be used for a deposit for a first home
  • In some recent EU-member countries there is still plenty of room for medium-term capital growth on property abroad. This may provide better returns than on pensions, stock market investments or cash savings in the UK
  • The introduction of the Euro in 2002 has enabled people to compare property prices between countries more easily
  • Airlines run flights to more places than ever before, more regularly, and at historically low prices
  • The internet has made property research and overseas communication faster and easier
  • There are more financial, legal and estate agency services available than ever before to help you buy abroad safely 


More information on buying property abroad:

Researching buying a property abroad l Points to Consider when buying a property abroad l How to finance your property abroad – various options and likely costs l Building a property abroad l General tips for buying a property abroad l Buying a property abroad with friends l Choosing your new property l Could buying a property abroad secure your future l Insuring your property abroad l Buying property abroad as an investment l Living permanently in your property abroad l Maintaining your property l Property abroad - don't stop at Europe l Property abroad - FAQs l Renting your property abroad l Tax and your property abroad l The responsibilities of owning a property abroad l The true costs of an overseas property l Viewing your property abroad l Legal considerations when buying a property abroad


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There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?

Yes
No

Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
Variable rate

Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only
Repayment

House prices are waivering. Do you think this is a good time to buy?

Yes
No

Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
Too expensive
Too risky

Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
Good option