By Geoff Simmonds (Head of Overseas Mortgage Finder).
A great new range of international mortgages have just launched for property investors looking to buy in Portugal. The main advantage of these mortgages is that 100% funding is available for investors who are able to negotiate a purchase price discount of 20% or better against the property's true value.
For Investors who are bullish on the Portuguese property market appreciating in the near term, or even those who are prepared to take a longer term view, these new mortgages may present a great funding opportunity and enable multiple property investment. Interest rates for these mortgages are also very competitive starting from just 2.91% (variable) for the term of loan. I therefore anticipate these mortgages to prove very popular amongst our clients.
With the holiday season getting into full swing it seems that France is once again proving a popular destination amongst many British tourists, leading many to flirt with the idea of buying a second holiday home there. The close proximity of England to France, tied in with the types of affordable properties available, low mortgage rates, and strengthening pound, go a long way to explain why we have experienced a 34% increase in month on month mortgage enquiries for France. The USA is also proving popular showing a 30% increase in enquiries this month. This is mainly due to the strong Return on Investment (ROI) deals currently available, with investors now able to take advantage of full status and self cert low value mortgages, starting from just $50,000 up to 75% LTV.
At Overseas Mortgage Finder this month we have been developing a free international mortgage system for mortgage brokers. The aim is to provide mortgage brokers with the platform to access international mortgage products and to help them assess whether their client is suitable to secure a mortgage before making a formal mortgage application. We hope the system will be a trail blazer in the international mortgage market.
We have also been offering massive fee reductions on all new mortgage applications throughout the month of August Our application fees now start from as little as £145 for France, Spain, Portugal, Italy and Turkey.
- Rates in FRANCE from just 1.79%
- Rates in SPAIN from just 1.95%
- Rates in PORTUGAL from just 2.23%
- Rates in ITALY from just 2.58%
- Rates in TURKEY from just 4.05%
We are also offering great service fee discounts on many other countries including: Andorra, Australia, Canada, Cape Verde, Caribbean, Cyprus (South only), Dubai, Greece, Hong Kong, Hungary, Malta, Morocco, New Zealand, Poland, Singapore, South Africa, United Kingdom, USA.
CONTACT US now for a free no obligation consultation and see how much we can save you.
Terms & Conditions: Our special offer is only available for residential mortgages. Depending on the mortgage chosen, other lender fees and service fees may apply. A mortgage illustration outlining anticipated monthly payments and associated fees will always be provided to you in writing, allowing you to make an informed decision before proceeding to a formal application.
