Raising finance on a European property may be a daunting task for many UK buyers, due to the language barriers that exist between European lenders and prospective clients, as well as the lack of understanding of the legal / financial regulations that surround the international mortgage process, which is very different to that in the UK.

Using Baydonhill International Mortgages, a leading UK based Overseas Mortgage Specialist, to facilitate your application, you will have immediate access to an extensive panel of established lenders offering you the best of what is available to non-residents on the local market, as well as step by step assistance from a bilingual consultant, making sure that you are fully aware of all the finer details of raising an international mortgages and do not have any nasty surprises along the way.

There are a few main steps that you will need to take before obtaining an international mortgage. Firstly, your mortgage consultant will need to assess your eligibility, before approaching any of our overseas lenders. This is done by obtaining a short but important list of personal information such as your age, employment status, income, outgoings and total value of your assets and liability, as well as more information regarding the type of mortgage you are looking to raise and the details of your overseas property. With all these details in hand, we will provide you with our most competitive quote, free of charge. Once you are happy to proceed with the selected mortgage product, we will send you the mortgage application forms, which you will need to complete and return to us with all required supporting documentation, in order to secure the rate. All loans are full status and proof of income and outgoings are required.

Overseas lenders do not work on income multiples as one would in the UK and their approach may be seen as slightly more conservative. International lenders will look at your monthly income and your existing long term monthly commitments, e.g. current mortgage repayments in the UK or rent if you do not own a property, any personal loans as well as child maintenance. They will also calculate your estimated future mortgage repayment for your overseas mortgage, and your percentage of debt owed, including your future mortgage repayment, against income received, should not exceed 33%.

To discuss your individual requirements with one of our overseas mortgage consultants, please call Baydonhill International Mortgages directly on 0207 594 0555 or complete an online personalized quote request by clicking here (link through to coded personalized quote form)