| Mmmmmm well with a question like that I | | | | get to your property (cheap flights |
| was more than willing to blurt out my | | | | etc)? Will you be using the property |
| entire 20 years knowledge of the | | | | during peak months which could |
| overseas property market in one breath - | | | | potentially cost you money? |
| but alas my lungs failed me. | | | | Have you considered buy to let, |
| The property market here in the UK as | | | | guaranteed rental or leaseback schemes? |
| everyone knows has been spiralling out | | | | There are many schemes out there to help |
| of control over the past 3-5 years and | | | | improve your investment like buy to let, |
| many first time buyers are finding it | | | | guaranteed rental and leaseback all of |
| increasingly difficult to get a foot | | | | which offer some piece of mind when |
| hold on the market. Many buyers have | | | | buying property for investment purposes. |
| been reduced to sharing with friends in | | | | Buy to let - this is where a buyer buys |
| order to even buy a property whilst | | | | a property with the intention of letting |
| others remain at home with good old mam | | | | it out on a commercial basis. There are |
| and dad. | | | | usually mortgages specific to this type |
| So then - the overseas property market - | | | | of purchase known as Buy to Let |
| what's in it for me question. Well once | | | | mortgages. |
| we've taken care of the obvious | | | | Guaranteed Rental - is normally defined |
| questions like: | | | | as a specified rental amount guaranteed |
| What can you afford? | | | | for a particular period of time on a |
| Are you looking for long or short term | | | | particular property or development. This |
| investment? | | | | is normally guaranteed by the developer. |
| Are you considering using the property | | | | One thing to consider is where the |
| abroad for your own benefit? | | | | guaranteed rental is coming from. Is it |
| Have you considered buy to let, | | | | actual rentals ie someone living in your |
| guaranteed rental or leaseback schemes? | | | | property or an overpriced property that |
| What level of deposit do you have?and | | | | has the rental amounts built into your |
| many otherswe can get down to the nitty | | | | price? |
| gritty of whats really out there for the | | | | Leaseback Property - a popular way of |
| young property buyer. What can you | | | | renting your property out especially in |
| afford? Buying a property overseas can | | | | France where it has been popular for |
| often work out costing more in fees than | | | | over 40 years. Basically you buy a |
| here in the UK with average costing | | | | property (if brand new you can claim the |
| coming in between 10-12% of the purchase | | | | vat back) and lease it back to a |
| price. This will include things like | | | | property management company who |
| notaries, solicitors, land registry | | | | guarantee to give you a % return on your |
| fees, taxes etc - so be prepared. | | | | property for periods of upto 15 years. |
| Depending on where you are thinking of | | | | Typical yields can be anything upto 6.5% |
| buying can determine whether or not you | | | | and more. |
| can get a mortgage. You need to consider | | | | What level of deposit do you have? The |
| the mortgage rates, the likes of Spain | | | | level of deposit you have can have a |
| has a low interest rate compared to | | | | great impact on what mortgage facilities |
| England yet Cyprus is running ahead of | | | | are available to you as well as any |
| the UK interest rates at about 6.2% so | | | | additional discounts etc. Obviously the |
| it pays to consider this especially when | | | | more deposit that you have available |
| you are looking at a long term loan. | | | | means that you will be in a better |
| Are you looking for long or short term | | | | position to take advantages of such |
| investment? Are you hoping to jump in | | | | incentives if they are on offer. |
| and back out fairly quickly to create a | | | | Once we have taken care of the above |
| profit that you can then sink into a UK | | | | then its more or less down to where you |
| property or are you interested in long | | | | are wanting to buy a property or home |
| term investment? Consider the benefits | | | | abroad. With over 50,000 properties for |
| and pitfalls of both. If you pull out on | | | | sale on our website in more than 46 |
| a short term investment and then the | | | | countries abroad we are well placed to |
| overseas market erupts you'll be kicking | | | | offer new and old buyers the best choice |
| yourself. Then again if the UK market | | | | of overseas property for sale on the |
| rises in toll with the overseas (not | | | | internet. |
| impossible so bare it in mind) you may | | | | Wherever you are thinking of buying a |
| be still as far away as when you | | | | property overseas whether it be the UK, |
| started. | | | | Europe or indeed anywhere in the world |
| Are you considering using the property | | | | you need to visit our website and see |
| abroad for your own benefit? If you are | | | | for yourself the sheer amount of |
| wanting to use the property for your own | | | | information and guides that we have |
| benefit as well as investment purposes | | | | available for the overseas property |
| then you need to take into account | | | | buyers. |
| things like: How easy is it for you to | | | | |