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General Property Related Chat This forum is for 'general property investment' related chat. For 'non-property investment' related discussion please use the 'Alternative Investments' section (see below). For non property related discussion please visit the relevant sections below.

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  #1 (permalink)  
Old 23-09-2007, 07:18 PM
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Default Foreigners buying UK property - how easy?

I was just wondering how easy it is for non UK people who wish to buy in the UK but permanently live abroad (ie just buy as an investment)?

I'm assuming a UK bank account will be required for mortgage payments and with a sizeable %age deposit in to keep the mortgage companies happy.

Again, I'm assuming they will have to pay several % above base rate as they are sub-prime?

Has anyone done any deals like this and what else is required?

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  #2 (permalink)  
Old 24-09-2007, 08:02 AM
 
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HI Adam I think you have answered your own questions here. I've sold to overseas investors and they normally only get 80% LTV and have to have a UK bank account and yes the % is normally a little higher but that was about 4 years ago and I don't know if things have changed.

Have a good Monday!

Heather
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Old 24-09-2007, 08:48 AM
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Adam,

There are a few members here who have circumstances similar to yours. Send me a PM or call me later in the week on 01625 536624 for a chat through some options. Depends on individual circumstances really.

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