Application Process
You should be aware that raising finance on property purchased across national borders is more complicated and time consuming than when buying in your own country.
We recommend that you start the mortgage process as early as possible to allow your property purchase to run smoothly.
1. Initial Consultation :
Introductory conversation to confirm your requirements, explain how we work and clarify our general terms and conditions and fees.
2. Establish your Current Financial Status:
We will need to establish your assets and liabilities, income and expenditure. This can be done verbally over the phone or you can complete our online form.
This information must be accurate, as you will be required to show documentary evidence when we submit the application.
3. Research the Lending Market:
Based on the information provided we will be able to research the market. We will look through all of the options available; on-shore and off-shore to find the best possible mortgage solution.
4. Communication of the Solution:
We will come back to you with the bank and the interest rates agreed upon, showing what your monthly payment would be.
Where possible we would look to obtain a mortgage agreement in principal. This will confirm the amount the bank is willing to lend to you and establish affordability.
We will also finalise the fees payable to us and setup a formal contract.
5. Application:
Having received a signed confirmation that you wish to proceed we will send you the appropriate forms to complete and a list of documentation required to support your case. We will then submit the completed application to the bank on your behalf.
6. Mortgage Processing & Property Valuation Survey:
Subject to satisfactory credit checks and approval of the application form and supporting documentation, the Bank will initiate a valuation of the property. (Depending on the country involved you may wish for your own, independent and more comprehensive structural survey)
7. Mortgage Offer:
Upon receipt of a satisfactory valuation, the bank will issue a formal mortgage offer.
8. Exchange of Contracts and Completion
Your appointed solicitor / legal advisor will then be able to arrange for exchange of contracts and completion on the property.