What options do I have for buying a property abroad?

Posted on 22 January 2008

I am a UK resident living in Mexico. I wish to buy property in Mexico. I do not own a property in the UK and I am unable to get a mortgage in Mexico since I have not lived here for 5 years. Could you advise me on a suitable product?

Thanks a million,

Anthony

Hello Anthony,

Unfortunately, any mortgage you arrange even here will be held by a Mexican bank. UK lenders are not able to secure a mortgage on property abroad.

Please refer to the Ask Bea section entitled 'Buying abroad' for details of telephone numbers of UK brokers that deal with foreign mortgages if you would like to discuss it further.

Categories: Buying abroad

 

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