Latest News

Top tips for buying a second home abroad

26th July 2011

We look at five top tips for you to remember when trying to buy a second home abroad.

Use an independent lawyer, and don’t scrimp on the cost; you need your legal representative to keep you protected and informed.

Establish your budget and stick to it; don’t be tempted to buy more properties than you can afford, even if they are cheap.

Research who you’re dealing with and get references. Ask them to put down on paper what it is they are offering.

Have a Plan B. Remember the value of your investment can go down as well as up. Work out the worst scenario – could you cope?

Beware exchange rates; consult a financial specialist to ensure you can manage if the pound goes down.

Source:  Telegraph 26/7/11