For many of us purchasing a property abroad is the fulfilment of a lifelong dream. For the uninitiated of course it can be a time consuming and daunting process. Indeed such complexities can seriously delay and sometimes ruin the realisation of that dream.
Our dedicated overseas property team are on hand to set up provisions to suit each client's circumstances, and offer guidance on the best course of action to take.
The process of purchasing a property can sometimes take several months and even longer in the case of new developments. So it is extremely important to ensure you are protected from the volatility of exchange rates.
We can help protect your position by using a variety of currency market tools that we have available to us. Please call to discuss your specific requirements.
Mortgages: We work closely with a number of mortgage providers who can assist you in financing a property abroad.
Legal issues: Since there are often complex legal matters to address, it is essential you instruct a competent legal representative to handle the conveyancing. Likewise in certain situations appropriate advice maybe needed in setting up offshore companies to effect a purchase.
Avoid the Pitfalls: 10 pitfalls to avoid when buying property overseas.
Taxation: Your tax situation may well be affected as a result of your foreign property purchase. Advice should be sought from a professional who can offer specific guidance on issues such as taxation in the UK, capital gains tax, inheritance tax, foreign taxation, and double taxation implications.
Visit our property company Tajjer for more information.