Raising Capital on your Overseas Property
"Equity release" is a loosely used term in the international mortgage arena that refers to raising capital on one's unencumbered overseas property. All equity release mortgages are full status mortgages and applicants are required to submit a full mortgage application with supporting documentation, proving their eligibility to repay the loan through sufficient regular income. Equity release mortgages need to be registered with a public notary and legal charges will be incurred, as well as administrative charges from the new lender.
In this current climate, many international lenders will not release equity to applicants unless the purpose behind the capital raising is given and in certain cases the lender will insist that the funds be paid directly to the destination source through the public notary.An inexhaustive list of examples of acceptable reasons is below:
* Raising capital in order to purchase a new property (in the UK or elsewhere in the world)
* Raising capital in order to redeem (partially or fully) a UK mortgage plus personal loan
* Raising capital to pay for school fees
* Raising capital to pay for renovation works that you have already undertaken, as long as invoices can be shown
That said, there are still certain lenders who are prepared to raise capital on a "no questions asked" basis - depending on the profile of the application. Please speak with a consultant to discuss your requirements.
The flags below illustrate the countries in which we are able to offer Equity Release mortgages. By clicking on the country of your choice, you will be able to obtain greater insight into the specific terms and conditions relating to Equity Release mortgages. Alternatively, complete an online quotation request form and we will provide you with our most competitive quote, based on your requirements.
Step 1:Call us to find out whether you are eligible for an equity release product
Step 2:Secure a rate by submitting a full mortgage application
Step 3:Complete the mortgage - bank will release funds to beneficiary
- £1 = $1.5170 / €1.1822
- $1 = £0.6592 / €0.7793
- €1 = £0.8458 / $1.2832
*Prices are for indicative purposes only