Financial Times FT.com

Overseas mortgages

By Sharlene Goff

Published: October 6 2006 11:29 | Last updated: October 6 2006 11:29

Buying a property abroad is the dream of many people. But it can turn sour once they get into the intricacies of dealing with overseas banks, solicitors and developers. One area that has become more flexible, however, is arranging a mortgage overseas. Traditionally, most people buying abroad have paid with savings or released equity from their UK properties. But as property prices have soared in popular holiday destinations and foreign lenders have become increasingly accessible to UK buyers, more and more people are borrowing to finance homes abroad.

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