International Mortgage News

Mortgage Finance for Expats and non-residents in Qatar

Qatar, like its nearby neighbour, Dubai, is one of the wealthiest regions in the World. Unlike Dubai it is only now beginning to expand massively with regards to property investment. If you are interested in getting in at the early stages of this potentially huge opportunity and require mortgage finance, then take a look at the details below.

International-Mortgage-Broker.com is happy to announce that it is one of the first brokers to arrange mortgages in Qatar:

• We can finance up to 65% of the purchase price, meaning a 35% down payment has to be provided.
• Finance is case sensitive to the age and the monthly income you receive
• We can arrange mortgages for up to 20 years on a repayment basis.The loan has been repaid, however, by the time you reach the age of 60.
• If you wish to make a joint application, we will also need to look at their source of income, obligations with other banks, and other financial background.
• The Interest rate is currently at 9.25% on a variable basis.
• Other charges include a management fee of 1% of the loan amount.
• There is an early repayment charge of 1% of the remaining balance.

(Information correct as at October 2008.)

Regarding investment in the Qatar property market, kindly note that there are only a few places that expats/ non-residents can currently own a free hold property.

We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in Qatar or have already found your Qatar  property, we may be able to help.

Want to find out more information, please click contact me via my website:  www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

Latest News for Expats buying in Greece & Cyprus (24/11/2008)

We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in Greece or Cypruss, already found your new property, or currently have a mortgage on your home and wish to save money, we maybe able to help.

Want to find out more information, please click contact me via my website:  www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

Mortgages for UK Property (Expats Only)

I wouldn’t normally comment on the UK property market (we are not FSA registered and cannot give advice on UK mortgages - see below), but one bank has come up with such a great product for Expats that we have to mention it.

With the credit crunch, banks have tightened up their underwriting criteria, making things particularly hard for expats to remortgage their UK properties.

Well despite all the doom and gloom in the press I am happy to report some good news. We have access to a large high street bank that is happy to offer residential mortgage rates on one UK property; if it is your intention to return to the UK and it will become your principle main residence at any time within the next ten years. If it is rented out, they will even take this income into consideration in their calculations.

This product is a residential mortgage product and therefore comes under the regulation of the UK Financial Services Authority (FSA). IMB Financial Solutions are not regulated by the FSA and therefore cannot give you advice on this product.

We can, however, introduce you directly to the bank, their advisors are FSA regulated and they will cover all aspects of the advice process. We charge an introduction fee of 0.35% of the loan for this service, payable on successful mortgage offer only.

For multiple properties and other scenarios, we can also refer a number of highly experienced FSA regulated Independent Mortgage Brokers and are happy to put you in touch with them if you require their assistance.

Want to find out more information, please contact me via my website: www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

Mortgages for German Property (Foreign Nationals)

Arranging mortgages in Germany has always been an issue for International Mortgage Brokers like myself. Foreign nationals can buy property for cash with no problems, but there was one issue in German property law that has always made things complicated for foreign buyers:

You have to have an address in Germany where all letters, statements and documentation relating to a mortgage can be sent. The German banks require this, because it is to this address that they will come to if there are any late or non payments on the mortgage.

Clearly not an issue if you are living in the country, but it makes it very difficult if you are a foreign buyer, purchasing for investment purposes.

I’m now working with a firm of brokers who seem to have cracked this problem and are working with most of the German banks.

We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in Germany, already found your new property, or currently have a mortgage on your German home and wish to save money, we may be able to help.

Want to find out more information, please feel free to contact me via my website:  www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

Mortgages for Foreign Nationals Buying in Canada

Detalis are correct as at November 4th 2008.

Rates from 5.75%, available up to 75% of the value of the property on a 5 year fixed rate.

We do have variable rate products available; however due to the current economic climate, these are more expensive.

Canada has one of the most secure banking systems in the World.  To date it has not had one single failing bank and the Government has not added a single penny to their banking system.

Average detached home prices nationwide are approx. $350K Canadian or $300K American.

We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in Canada, already found your new property, or currently have a mortgage on your Canadian home and wish to save money, we may be able to help.

Want to find out more information, please click contact me via my website:  www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.