Loans for Overseas Property are Still Available
Simon Conn has been in touch with his outline of the prospects for 2012. In the property market, finance is obviously extremely important. As we’ve seen in Ireland, without a functioning finance market property prices hit a downward spiral. The main reason given by Irish people for not purchasing property here is, at the moment, a lack of available finance. Consequently the Irish property market is plummeting and, until this situation is rectified, it will continue to do so. This situation is encouraging those in Ireland with money to invest in property to take themselves overseas where there are opportunities to invest and financial backing to do so.
Here is Simon’s report:
“Although the press seem to be very negative, there does seem to be opportunities around and with a number of countries around the world still showing strong growth, there are investors and other potential clients both purchasing/re-mortgaging either in the UK or overseas.
I have found over the last 12-18 months, that clients are now more discerning about what they are purchasing etc and it is not just about Investment, but also about Lifestyle and future retirement and on these latter two points, they are now back looking at the traditional popular countries such as Spain, Turkey, Portugal, France and parts of the USA.
I am continually looking at possible new countries where clients may be interested in borrowing and I will keep you updated with any new products/lending schemes, but ironically at this time, I do seem to be busier with Ex-Pats and Foreign Nationals purchasing in the UK and Ireland.
Through all my lending sources/connections I can now arrange residential mortgages in over 50 countries around the world.
Commercial loans are also still available on a case-by-case basis.”
If you’d like to talk to Simon about financing an overseas investment just drop me a line, I’ll be happy to pass on his details.
