Free guide to finding the right mortgage for a client’s home of their dreams
Simon Conn, one of the UK’s leading overseas property professionals, has written a new free guide to finding the right mortgage for buying a property abroad. This should be helpful to financial advisers who are not completely familiar with the overseas property market; it provides tips and advice which they may find beneficial when evaluating a client’s overall personal financial profile.
The 10-page brochure, produced in PDF format for ease of circulation, is a jargon-free colour guide for anybody interested in taking the next step towards buying a dream home abroad.
Simon, who is an official partner with FEIFA, takes you on a step-by-step journey, busting a few myths along the way. The simple-to-read document looks at the entire process. Topics include: what is an international or overseas mortgage; can I borrow money from another country; what happens if I have a bad credit rating; can I re-mortgage my own home to buy abroad; and how long does the process take.
The guide is based on Simon’s incredible 35-years of knowledge of, and experience in, this specialist field. “The difference between taking professional guidance and flying solo can be disastrous,” Simon explained. “I have no desire to scare people, but I would urge everybody to seek independent advice before embarking on buying a property abroad.”
He said that finding and purchasing a dream home should be a source of joy and happiness. But he said that he had come across too many horror stories where people did not get the right help and were left to pick up the pieces.
“It is such an obvious move to get professional help when making an investment of £50k – £500k, but I remain stunned by the number of people who do it themselves and then come unstuck,” Simon said. “It breaks your heart, but by the time I get involved it is often too late to do anything.”
Simon said that, despite COVID-19, enquiries were still coming in to help with finding the right mortgage. “This pandemic has undoubtedly impacted on the international property market, but there are plenty of potential buyers who do not want to put their dreams on hold,” he explained.
In the guide, Simon spends a little time talking about bad debt and some of the pitfalls of buying abroad. “It is so important that people go into this with their eyes wide open,” he explained. “Part of my role is to ensure that my clients have no surprises during the process. Everything is explained in detail and I walk with them every step of the way.”
The Guide can be downloaded free of charge from the Property Guide page of Simon’s website at the link below.