Search


Visa, Visa Delta, Visa Electron, MasterCard, Maestro, Solo

Points to consider when buying a property abroad

Monday, 23 September 2019  |  Admin

Buying a home abroad is a dream for many people, but you should proceed with caution as there can be many pitfalls to avoid.

Owning a home overseas can be a great way to escape, as well as somewhere friends and family can enjoy and even a good investment. But you need to do your homework before buying.

Research

Look into the area where you would like to buy in as much depth as possible. Take into account the cost of transport to the property from the UK and whether there are nearby resorts which may mean that reasonably priced flights will continue.

Look at the history of property prices and the political stability of the region. Politicial and/or financial turmoil can mean plummeting prices as incomers sell up and local buyers have less income to spare.

If you’re buying a new property from a builder, find out as much about them as possible and look closely at any other developments they have been involved in. Speak to other buyers and guage how satisfied they are with their transactions.

Finances

Look at the total cost of the property, to include all expenses, and don’t forget to include the costs of getting to and from your new home.

If you will be taking out a mortgage, make sure you read the conditions and know how much the monthly payments will be, including how much they may rise if interest rates go up.

If the property is intended as an investment, make sure that it is likely to make you money once all of the expenses have been taken into account. And remember there is always the risk that prices may fall over time.

Ensure that any foreign language documents are independently translated before you sign.

Independent legal advice

It is essential that you seek independent legal advice on your proposed purchase, and not advice from anyone affiliated to the agent or seller. If you will be using a UK lawyer, choose one who specialises in overseas purchases, with experience of property in your chosen location.

If you will be using an overseas lawyer, make sure all documents are translated for you.

You need to see a copy of the legal title to the property as well as relevant searches, guarantees and planning and other consents. Make sure you find out whether any developments are planned near your property as this can have an effect on its desirability as well as on price.

Latest News
Monday, 6 July 2020  |  Admin
Temporary reduction in Stamp Duty Land Tax

On the 8th July 2020, the chancellor announced a temporary reduction in Stamp Duty Land Tax until the 31st March 2021.

Please see the link below for dull details

https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates

Wednesday, 1 July 2020  |  Admin
Testimonial by Ryan Jones of Winkworth Estate Agents

‘These are definitely uncertain times in the housing market, where we rely on a number of factors especially conveyancing. Throughout the lockdown period many solicitors and conveyancers just couldn’t get the system right to work from home, but out of this Suremove Property Lawyers stood out as the one that could. Pretty much immediately the teams at Suremove had everything in place to work smoothly and reliantly from their home bases.

 

Friday, 1 May 2020  |  Admin
Is it really 'Business as usual'?

Kelly Fleming discusses working in lock down.

Is is reall 'Business as usual'? I keep hearing this, but I don't believe it!

I think transferring an office of twenty two people to their individual homes for six weeks is far from 'business as usual'.

Click here to see more: /user/downloads/SureMove lockdown article.pdf

 

SureMove Property LAwyers