Frequently Asked Questions
Most frequent overseas mortgage questions and answers
How do international mortgages work?
An overseas mortgage is a loan secured against a property outside your country of residence. Mortgage availability and terms vary by country, lender, and applicant profile. Most are arranged locally, though for high-value loans (e.g., > €1 million) an international/private bank might lend across borders
What documents are required for a mortgage abroad?
Typical requirements include:
Proof of income, employment, or financial capacity
Credit history and bank statements
Passport/ID and tax returns
Legal documentation (e.g., power of attorney) may be needed—especially if you won’t be present for closing
Can a non-resident buy property in Europe?
Yes—most European countries welcome foreign buyers, but rules differ significantly. Some countries require special approvals or residency, while others restrict foreign ownership in certain regions
How long does the mortgage process take?
It can take several weeks to a few months. Timelines depend on lender processing, property evaluation, legal checks, and the purpose for the purchase – ie: holiday/retirement home, investment, main residence, etc
Are interest rates higher for foreign buyers?
Often, yes—non-residents may face slightly higher interest rates than locals. The final Interest rate charged will depend on a number of factors including purchase price, location of property, amount borrowed, loan to value, purchase for the mortgage and the overall personal profile of the applicant(s).
How much can I borrow—what Loan‑to‑Value (LTV) can I expect?
LTV ratios generally range between 50–70%, depending on country, property type, and borrower’s financial standing.
What about taxes and ongoing costs?
You will generally be liable for:
Local property taxes (e.g., annual or municipal taxes)
Stamp duties or transfer fees on purchase
Rental/income tax if the property is let
Potential “deemed income” tax in some countries .
Do I still need a local solicitor or lawyer?
Absolutely. Every market has unique rules. Engage a local, English-speaking legal expert to perform due diligence, handle contracts and ensure your interests are protected .
Can I rent out the property?
Many countries allow short‑term rentals, but local rules may apply—e.g., Spain requires tourist rental licenses. Confirm before purchase to avoid fines .
What if the country I want is not listed?
We frequently secure mortgages in 40+ countries. If your chosen destination isn’t listed—or if you’re seeking a high-value loan (e.g., > €1 million)—contact us to discuss tailored solutions on a case-by-case basis, subject to lender availability, property type, and risk assessment.
Note: This FAQ provides general information and should not replace personalised legal, tax, or financial advice.
Always consult qualified professionals before making overseas property decisions.
It is important that you seek independent legal and taxation advice on any property that you are going to purchase
Simon Conn is an Introducer Appointed Representative of Seico Insurance & Mortgages Limited which is authorised and regulated by the Financial Conduct Authority under number 300024 in respect of UK mortgage, insurance and consumer credit related activities only.
If a mortgage is denominated in a currency other than your home currency, there is a risk that changes in the exchange rate may increase the equivalent value of the debt in terms of your home currency
Your property may be repossessed if you do not keep up repayments on your mortgage.
Please note that the FCA does not regulate all forms of our business activities. We will provide you with a free initial consultation and as we offer a bespoke service our lending sources charges can vary and the actual amount payable will be shown on any eventual quote they produce and will depend on the country where you require finance, plus your personal circumstances and loan requirements.
It is important to note that Buy-to-Let Mortgages (unless more than 40% owner occupied), Commercial Mortgages and Mortgages Secured on Property Outside the UK are not covered by statutory UK regulation. It is important that you seek independent legal and taxation advice on any property that you are going to purchase.
