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Mortgages for Holiday Homes and other Property Abroad

Switzerland

How Conti Can Help You To Finance Your Overseas Home By Using The Switzerland Property As Security

If you require finance to purchase your overseas property, then Conti Financial Services - Licensed Credit Broker (who have had over 20 years experience in the market) could assist. Using the Switzerland property as security a Repayment Mortgage in Swiss Francs only up to 80% could be raised, depending on individual requirements.

Based on the valuation or purchase price, whichever is the lower, of the Swiss residential property, UK and Non-UK applicants can borrow up to 80% in Swiss Francs only for purchases and re-mortgages for Home Improvements, noting that you must have at least approx £ 500,000 in "Free Assets" available, after all existing liabilities. Mortgages for all other purposes are dealt with on a case-by-case basis.

The minimum loan is approx £ 150,000 - no max, but the minimum purchase price is approx £ 500,000. The term of the loan is up to 35 years for loans up to 60% and up to 20 years for loans over 60% and could possibly be available up to age 70. Repayment Mortgages are available + 5 year Interest only Reviewable loans. Current interest rates as at 27th April 2004 are from approx 2.25% Variable in Swiss Francs (loans over 60% are charged at a slightly higher rate - details on request). Fixed Rate loans also available, but at higher rates and setting-up costs.

You will find below an example of a loan to assist you based on a Repayment Mortgage in Swiss Francs and to this must be added the cost of a Mortgage Protection Policy, dependent upon age.

• MORTGAGES ARE ALSO POSSIBLE USING THE OVERSEAS PROPERTY AS SECURITY IN THE MAJORITY OF WESTERN EUROPE, AUSTRALIA, CANADA, DUBAI, ISRAEL, MEXICO, NEW ZEALAND, POLAND, SOUTH AFRICA, USA & THE CARIBBEAN - OTHER COUNTRIES ON REQUEST.
• YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. BE SURE YOU CAN AFFORD THE REPAYMENTS BEFORE ENTERING INTO ANY CREDIT AGREEMENTTHE STERLING EQUIVALENT OF YOUR LIABILITY UNDER A FOREIGN CURRENCY MORTGAGE MAY BE INCREASED BY EXCHANGE RATE MOVEMENTS
• FIGURES BELIEVED CORRECT AT TIME OF ISSUE. THIS IS NOT AN OFFER OF MORTGAGE
• Taking out a mortgage in another country has a range of additional costs to consider, together with numerous advantages. Please visit our costs & benefits page for more details.