 IN THIS ISSUE
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 TOP TEN RATES
Country
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Max LTV
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Rates From
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Bulgaria |
75% |
11.95% |
Egypt |
85% |
8.70% |
France |
85% |
1.79% |
Greece |
65% |
4.38% |
Italy |
65% |
2.85% |
Malta |
90% |
3.03% |
Portugal |
85% |
2.89% |
Spain |
80% |
2.09% |
Turkey |
90% |
4.20% |
USA |
70% |
3.63% |
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QUICK LINKS
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When was the last RISE in the Bank of England Base Rate?
First correct answer emailed to us will be sent a bottle of Champagne, the winner will be announced in our December Newsletter.
______________________
a) The draw will close at 5pm on the 30-November 2010 The draw will take place immediately thereafter. The winner will be notified within one week. The promoters on receipt of a stamped addressed envelope will provide details of the winning entry.
b) The draw is open to entrants over 18 years of age. Only one entry per person will be accepted. Employees and Agents of Overseas Mortgage Broker Ltd and their relatives (and any connected persons) are not eligible.
c) Entry is free and without obligation. Entry may result in a letter or telephone call from a representative of Overseas Mortgage Broker Ltd. No entrant is obliged to see any such representative unless they wish to do so.
d) The prize will be as advertised.
e) There is no cash alternative available.
f) The decision of the promoters on any matter relating to these rules shall be final. |
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Welcome to the second edition of our monthly newsletter! |
Latest News
| Overseas Mortgage Broker was an exhibitor at the recent Overseas Property Investor Live Show at London’s Excel. This Show is a good barometer of activity in the overseas property market.
There seemed to be a definite focus on more traditional vacation destinations including Spain, France and Florida. There was also a lot of emphasis on bargain hunting, including a live auction during the show.
The big new arrival at the show was a large display for developers from Egypt. This is a destination, which looks to be certain to grow over the next few years.
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Country Focus
Spain
|  We have recently been asked: “Is it a good time to buy in Spain?”
Prices have been falling but the number of sales has been rising for the first three quarters of the year.
Property listings have been rising as have the number of property searches, showing increased interest, yet the banks have taken over record numbers of repossessions.
There is plenty of contradiction in the market, so the question remains “Is it a good time to buy in Spain?” What we would advise is that when your heart is guiding you to make that purchase, keep your head squarely on your shoulders. By this I mean, do your research, check local prices and compare these to what you are being offered. Be willing to get independent advice, take your time and never let anyone pressurise you into making a quick decision.
Spain has a developed mortgage market, with many lenders offering a confusing array of mortgages. No two lenders are the same. If you need mortgage finance for your Spanish purchase, get an idea of your borrowing capacity as early in the process as possible.
For further information on Spanish mortgages and to see how much you would be able to borrow please complete our simple enquiry form or call our helpline on +44 (0) 1482 641397. |
Product Focus
Foreign Exchange Accounts:
If you are looking to buy a property overseas, one of
the first things you should do is contact a specialist Currency Exchange Company.
These companies are very likely to save you money compared to your high street bank. Usually there are no commissions or hidden fees and they offer a better rate of exchange. They can also fix the exchange rate in advance to protect you against currency fluctuations.
When you are transferring large sums for a property purchase, the savings can be substantial. Many currency exchange specialists also allow you to make regular payments through them, so if you have an overseas mortgage or regular bills to pay overseas, you will get the same benefits, month after month, by using your account with them.
A final word of caution, always use a company that is regulated under law, in the case of the UK this would be The Financial Services Authority.
To find out more, please call us on (+44) 01482 641 397.
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