The conditions for buying property in Overseas remain very attractive to clients, with continued low interest rates and in many cases favourable exchange rates.
We offer a wide range of mortgage solutions for non-resident and resident investors with flexible, competitive terms, pricing and repayment options.
Overall, the average spread above the Euribor has reduced from 3% to 1.35% in the last 3 or 4 years.
A 5 year fixed interest rate starts at 1.75% in some countries, depending on the personal financial circumstances of the mortgage applicant. The opportunity to lock in rates at such low levels for such long periods remains extremely attractive for foreign investors.
Most of our customers could pay the purchase of their property overseas with cash, but due to these low interest rates, the majority of them prefer to leverage their investment, as they can obtain higher returns for their capital in other investments.
Lenders have increased their lending appetite over the last 2 years, but they do require that all mortgage applications be fully and properly documented.
At Financial North, we aim to reduce the paperwork whenever possible and to mitigate the language burden, so you can enjoy peace of mind with a clear and transparent finance application process.
For some customers the best option to obtain a competitive mortgage is to establish a private banking relationship in the course of the purchase of a high value property overseas.
The essentials of a private banking relationship are that the client deposit a significant amount of financial assets to the bank such as cash, bond or equities portfolio. The private banker will then agree a strategy to manage this portfolio to generate a return to match the customer’s appetite for risk.
Please do not hesitate to contact us at enquiries@financialnorth.com if you would like to discuss your best finance options with us.
Kind regards,
Alberto Goldar
Managing Director
