Mortgages > Offshore Mortgages for Non-UK & UK Residents buying UK Property

Offshore Mortgages for Non-UK & UK Residents buying UK Property

Copyright 2006 Nigel Osgood

MORE PEOPLE COULD BENEFIT FROM AN OFFSHORE MORTGAGE THAN YOU WOULD THINK!

If you fall into any of the following categories and are considering buying or remortgaging a residential property in the UK for investment or buy to let purposes, you could be one of them:

(a) Non-UK residents (UK expatriates and Nationals of another country) wishing to purchase/remortgage a property in the UK for investment/buy to let purposes
(b) UK residents (Non-UK domiciled) wishing to purchase/remortgage a property in the UK for investment/buy to let purposes
(c) UK residents but deemed Not Ordinarily Resident in the UK for tax purposes, wishing to purchase/remortgage a property in the UK for investment/buy to let purposes during the period of their UK residency

Properties may be purchased via a UK Regulated Mortgage Contract for any applicants wishing to use a property as their main residence.

Properties can be purchased using an Offshore Company or Trust.

The applicant(s) may instruct their own solicitor for mortgages up to ?2.5m. or currency equivalent when the borrowing is in personal names and up to ?1m. when it is in company/trust name. For mortgages above these thresholds, the lender will instruct an approved solicitor to act on its behalf.

A RANGE OF OFFSHORE MORTGAGES IS AVAILABLE:

Residential Mortgage
Residential Currency Mortgage
Buy to Let Mortgage
Buy to Let Currency Mortgage

A PROFESSIONAL ADVISER SHOULD PROVIDE :

Tax efficient mortgage products for Foreign National & Overseas clients Foreign Currency or Sterling Mortgages
Individual or Trust or Company Borrowing
Attractive Interest Rates
Experienced staff who will provide you with an efficient, friendly and knowledgeable service
A simple, easy to use application process backed up with quick decisions

Whatever your circumstances and requirements, an Offshore Mortgage Service should provide a mortgage product that is designed to suit your situation. It should also support you throughout the process of buying the property, whether the application is in a personal name(s) or an Offshore Company/Trust.

There is no maximum amount of borrowing but loans are limited by being subject to a maximum of 80% of the lender's professional valuation of the property.

For Investment/Buy to Let properties, the rental income must equate to a minimum of 125% of the annual (interest-only) borrowing costs and the tenancy must conform to Assured Shorthold Tenancy (AST) and Company Lets will also be considered.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.
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The author, Nigel Osgood, has been worked in banking and financial services for many years and has written many industry-related articles. http://www.afpmortgages.co.uk

Reverse Mortgages: Information You Need to Know

Reverse Mortgages are exploding in popularity and as the baby boomers reach age 62 and beyond they will become eligible to cash in on their home equity with a reverse mortgage.A reverse mortgage is a home loan that you do not have to pay back for as long as you live in your home. It can be paid to you in one lump sum, as a regular monthly income, or at the times and in the amounts you want. The loan and interest are repaid only when you sell your home, permanently move away, or die. Who is eligible for a Reverse Mortgage?All homeowners must be at least 62 years old. At least one owner must live in the house most of the year.

What kind of homes are eligible for a Reverse Mortgage? Single family, one-unit dwellings. Two-to-four unit, owner-occupied dwellings. Some condominiums, planned unit developments or manufactured homes.NOTE: Cooperatives and most mobile homes are not eligible. How does a Reverse Mortgage work?Most require no repayment for as long as you live in your home....

Reverse Mortgages: Information You Need to Know

Mortgages > Reverse Mortgages: Information You Need to Know

Commercially viable commercial mortgages

Commercial mortgages are similar to residential mortgages. Usually taken by businesses, commercial mortgages are secured against business property.Businesses have to make an important decision regarding the premises where the operations are to be carried. It is a buy or rent decision. By acquiring a property on rent, one is required to make a small monthly or quarterly payment. However, even after paying the rental for innumerable months you are not able to make inroads into the property ladder.

Buying property, on the other hand, will be intricately difficult for a newly set up business. This will require a bigger investment. Obviously, the share of production in the capital lessens. Commercial mortgages provide a solution to this paradoxical situation.Businesses where real estate holds an important place will benefit most from commercial mortgages. Running hotels and resorts from rented properties is a cheaper short-term solution.

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Commercially viable commercial mortgages

Mortgages > Commercially viable commercial mortgages

Essence Of Self Certified Mortgages

Your search for a mortgage isn't leading results.Check for any impediments. May be the lenders dread offering credit on the grounds that you are self employed.But are you alone in the pursuit? No. The statistics put the figure of self employed people at around three million. Add to this the people who are working freelance and those working as temporary hires. They too are denied mortgages on the same grounds as a self employed.If the mortgage companies continue with this step motherly attitude towards such a vast group of population, it is not late when they lose plenty of their business.And what are the grounds for such denial.

The most basic reason is that these persons do not have a stable income. The self employed persons, for instance, earn a lot one month, and nothing in another. This increases the chances of a default or arrears. Second reason for not allowing them an access to mortgages is that they get their income from varied sources, thus making the computation of...

Essence Of Self Certified Mortgages

Mortgages > Essence Of Self Certified Mortgages

Offshore Mortgages for Non-UK & UK Residents buying UK Property

Offshore Mortgages for Non-UK & UK Residents buying UK Property

Mortgages > Offshore Mortgages for Non-UK & UK Residents buying UK Property

Interest-only Mortgages Have Their Pitfalls

Rising home prices, particularly on the East and West coasts have put the costs of home ownership seemingly beyond the reach of many. And yet, home ownership is up nationwide, and the percentage of Americans who own their homes is the highest it has ever been. How is this possible?There are more different types of mortgages available to home buyers than ever before, and one that is growing in popularity is the interest-only mortgage. With an interest-only mortgage, the buyer pays no principal for the first few years of payments. The period of time varies, and is typically anywhere from one to five years.

At that time, the principal is added to the mortgage payments and the amount of the payment increases. By keeping the payments lower for the first few years of the mortgage, the interest-only mortgage allows buyers to obtain a more expensive home than they otherwise might. The buyer's income will probably increase over time, making it possible to afford the higher payments that...

Interest-only Mortgages Have Their Pitfalls

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Poor Credit Mortgage Reigns High Among Mortgages Available to Bad Credit Borrowers

Like a big brother keeping notes of the erring behaviour of his younger sibling, credit reference agencies like Experian and Equifax maintain a record of each person entering into credit transaction. While a few instances of arrears are considered admissible, as the incidence of bad credit behaviour increases, creditors start considering these as a lack of reliability. These people are termed as having a bad credit history. Of all things, the ability to get a reasonable term mortgage is particularly affected by a bad credit history. Opinions differ on the extent up to which credit report must be allowed say in deciding the candidature of borrowers for mortgage.

The first group says that a borrower with a bad credit history cannot be relied to repay the mortgage lent on the basis of their past records. Thus, it will be wise to refuse mortgages to such borrowers.The other group of lenders believe that taking a moderate degree of risk while dealing with bad credit borrowers will...

Poor Credit Mortgage Reigns High Among Mortgages Available to Bad Credit Borrowers

Mortgages > Poor Credit Mortgage Reigns High Among Mortgages Available to Bad Credit Borrowers

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Watches Giant, a Leading Supplier of Brand Name Watches, is Proud to Announce the Unveiling of Their New Online Partner Program and Company Blog

YORBA LINDA, CA (ContentDesk) February 23, 2006 -- Watches Giant is proud to announce their partnership with Kurt Clark, Inc. to implement and manage their new Online Partner Program and Company Blog. The Partner Program will allow individuals with websites to partner with Watches Giant and sell name brand timepieces from a trackable link on their own sites and reap the benefits of an established authorized seller in the industry. Consumers who purchase products through non-authorized dealers...

Offshore Mortgages for Non-UK & UK Residents buying UK Property Watches Giant, a Leading Supplier of Brand Name Watches, is Proud to Announce the Unveiling of Their New Online Partner Program and Company Blog watches Mortgages

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How to Choose Water Garden Plants

So the water garden bug has bitten. You've dug and leveled and sweated and said words you hope that no one else has heard. Now it's time for the fun part ? picking out your water garden plants! Plant varieties within these four categories are what you need to eyeball: deep-water, marginals, oxygenators, and floaters. (If you think these words are big words, just be happy we're not talking about medicine.) After you've diligently planted your new plants in plastic tubs, pans, or clay pots, packing...

Offshore Mortgages for Non-UK & UK Residents buying UK Property How to Choose Water Garden Plants socks Mortgages

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