Downland Mortgages

Downland Mortgages arrange home finance for the purchase of Overseas Property, and provide a wide range of services to suit your requirements:

• Foreign Mortgages secured on your Overseas Home	• Pure Protection Life Assurance
• Re-Mortgages to release equity on your existing home in the UK	• Buildings and Contents Insurance

Our services include the following benefits to our clients:
• Foreign mortgages can be arranged with lenders in different countries. We specialise in France, Italy, Greece, Cyprus, Portugal and Spain.	• Mortgages secured on your overseas home are normally arranged in the local currency, although if you are averse to risk, and are worried about the consequences of fluctuations in exchange rates, some overseas lenders provide loans in sterling.
• Re-mortgaging in the UK is an alternative way of raising the funds, by releasing enough equity in your property to purchase your new home in cash. You could also use this method if you have a shortfall in your savings to complete the purchase with an overseas mortgage.	• Downland Mortgages will act on your behalf by assisting you to choose the most suitable way to finance your overseas home, and helping to ensure the smooth progression of your Mortgage Application from start to finish.
• Foreign lenders normally expect you to find a higher deposit than in the UK , and additional costs can add up to at least 10% of the property purchase. In certain countries they can be much higher than this, and with this in mind you need to ensure that you can afford these costs before proceeding with the purchase. Most lenders will be able to give you an Agreement in Principle, so that you know what you can afford before looking for a property. If you have to back down through lack of funds, you could lose your initial deposit.	• Buildings insurance cover is always required by the lender, and we can arrange this for you, together with contents cover, if needed.
• Life cover is compulsory in some countries when taking out a mortgage, and we can arrange a policy for you.	• The legal process when purchasing property abroad can be extremely complex and more binding in the early stages than in the UK. Together with other issues i.e. language difficulties, communications and different customs and procedures, we strongly recommend that you employ the services of an English speaking Solicitor to ensure the successful purchase of your home.

Buying overseas property can be a lengthy process, and the timescale is much longer than in the UK, so patience is definitely required.
Please feel free to contact us at your earliest convenience, for any further information.

MORTGAGE TERMS OF BUSINESS FOR OVERSEAS FINANCE

Written quotations are available on request. All loans are subject to status.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. 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.

Established in 1979, Associated Foreign Exchange ( AFEX ) pioneered the concept of personalised foreign exchange services. As the market leaders, AFEX are dedicated in providing a hassle free alternative to the high street bank.

Whether you are investing abroad, or plan to relocate permanently, with our combination of highly competitive exchange rates and proactive approach to foreign exchange , we can effectively manage your international payments.

By tailoring a personalised service to meet your specific requirements, AFEX guarantees to save you money.

Just some AFEX services include-

· Competitive commercial exchange rates

· No commission charges

· A 24-hour monitoring service to enable you to transact at the most opportune time

· Pertinent market commentary

· Fast, efficient worldwide electronic payments

· Your own dedicated and experienced currency specialist to guide you

· Regular payments for pension and mortgages at favourable rates

· Forward buying

· Complete peace of mind

For more information on how we can assist you, or to simply to ask a questions; please call Jennifer Saunders or Andy Mowat on the private client desk Tel: 0870 735 8486 alternatively you can send us an e-mail London@afex.com