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MiNC offers prime investment properties at former home of Wimbledon Football Club, London | MiNC Property Enterprises Thursday, December 29 - 2005 Home | E-mail | MediaCentre | User Login AME Info - the ultimate Middle East business resource AME Info - Arabic Version Index : Company News : MiNC Property Enterprises Browse related articles Next article » MiNC offers prime investment properties at former home of Wimbledon Football Club, London MiNC Property Enterprises, the Dubai based property wealth managers, has announced its latest property offering at the former home of Wimbledon Football Club at Plough Lane, South West London. United Arab Emirates: Sunday, December 18 - 2005 at 16:00 GMT+4 Haroon Mahmood, Chairman of MiNC Property Enterprises. sponsored link What is a sponsored TextLink? related stories MiNC launches Marina Suites, a new Hospitality Sector Property Investment Opportunity at Dubai Marina MiNC launches Capulet House in London New development in London's 'Third City' goes on sale MiNC offers new development in the London Docklands MiNC buys up International City buildings More MiNC Property Enterprises stories » This development by David Wilson Homes is a few minutes walk from Wimbledon Town Centre and Wimbledon Park Underground Station. It is comprised of 570 units which are expected to be ready by December 2007. MiNC is offering 54 fully furnished one bedroom apartments for sale with prices starting from £215,000 which will include a free parking space. Haroon Mahmood, Chairman of MiNC Property Enterprises, said, 'We want to bring unique investment opportunities to the doorsteps of overseas property investors in the region.' 'The Plough Lane development in Wimbledon is an upcoming residential area and holds significant potential for property appreciation. We also offer investors guaranteed rental income as a risk cushion on property investment. Our aim to be the leading property wealth manager in the region.' MiNC Property Enterprises is a well established property wealth management company with offices in Dubai, London and Johannesburg and currently manages a substantial portfolio of property including some high-profile developments in London and Dubai. The company's services include residential investment, investment portfolio development, independent mortgage/remortgage assistance, lettings and furnishing/interior design. ARTICLE OPTIONS Add to Watchlist Save E-mail Print PDF Log in to request more information from MiNC Property Enterprises Related site: http://www.mincproperty.com Notes and media contacts For further information, please contact: John Hobday Citigate / Incepta Middle East Telephone: 04 332 8832 Mobile: 050 464 8706 Manash Bhuyan Citigate / Incepta Middle East Telephone: 04 332 8832 Mobile: 050 841 9631 Simon Everest MiNC Property Enterprises Telephone: 04 3300334 Mobile: 050 4584818 Headquartered in London with offices in Dubai and South Africa, MiNC Property Enterprises has more than 27 years experience in the international property market. MiNC is a property wealth manager which focuses on delivering higher returns on its portfolio of international properties. MiNC has an ongoing strategy to own joint-venture stakes in new developments which result in cost savings that can be passed on to potential investors. MiNC also provides mortgages, furnishing, management, maintenance and other turnkey services to property buyers and investors. Posted by Anne-Birte Stensgaard, Senior News Editor Sunday, December 18 - 2005 at 16:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC. 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Land for sale in The Shenandoah Valley - Shenandoah Connection Land forsale in The Shenandoah Valley GeneTaylor's Photography of The Shenandoah Valley more info ShenandoahValley's Best Real Estate Agents Finding #1 Rated Real Estate Agents inShenandoah Valley of VA MAKE MONEY ON RURAL LAND by BK Haynes Editorial Reviews About the Author B.K. Haynes is a real estate broker, developer, publisher, educator, and author with more than forty years experience in the field of country properties. Haynes has sold, developed, and brokered an estimated 300 square miles of land over a four-state region -- a land area the size of the Shenandoah National Park. He lives on an historic 250 acre cattle farm with airstrip in Virginia's fabled Shenandoah Valley. He is also the author of the best selling book, HOW YOU CAN GROW RICH THROUGH RURAL LAND - Starting from Scratch. Book Description Comprehensive real estate manual on buying and selling country properties. ORDER HERE B.K. 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Get Connected with ShenandoahConnection.com We are a full service website promotion and marketing firm located in The Shenandoah Valley of Virginia. Our innovative and proven search engine optimization techniques have ranked more web pages in more top positions than anyone in the business. Whether it's web site promotion, development, design or consulting, we can help get you the results you expect. By getting connected to our growing network you will have the cutting edge against the competition. What can the Shenandoah Connection do for you? Its simple. When someone logs onto the internet to find a service or product located in the greater Shenandoah Valley what do they do?…, They go to Google.com or some other search engine, right? Shenandoah Connection has the expertise to set up your business and/or website so that your business comes up at the top page of the list. This means that the majority of internet searches for your service will be directed straight to YOUR business. 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Call 540-984-8190 * Shenandoah Valley Travel Question & Answer Posting Board * Call Shenandoah Connection at 540-984-8190 Shenandoah Valley Real Estate Guide Augusta Springs -Basye -Bergton - Bridgewater - Broadway - Brownsburg - Churchville - Craigsville - Criders - Crimora - Dayton - Deerfield - Edinburg - Elkton -Fairfield - Fishers Hill - Fishersville - Fort Defiance - Fort Valley - Fulks Run - Glasgow - Goshen - Greenville - Grottoes - Harrisonburg - Hinton - Keezletown - Lacey Spring - Lebanon Church - Lexington - Linville - Luray - Lyndhurst - Maurertown - McGaheysville - Middlebrook - Mint Spring - Mount Crawford - Mount Jackson - Mount Sidney - Mount Solon - Natural Bridge - Natural Bridge Station - New Hope - New Market - Orkney Springs - Penn Laird - Pleasant Valley - Port Republic - Quicksburg - Raphine - Rileyville - Rockbridge Baths -Shenandoah - Singers Glen - Spottswood - Stanley - Staunton - Steeles Tavern - Strasburg - Stuarts Draft - Swoope - Timberville - Toms Brook - Verona - Vesuvius - Waynesboro - West Augusta - Weyers Cave - Winchester - Woodstock Virginia Lexington VA Real Estate Roanoke Virginia Realtors, Roanoke VA Real Estate Services Virginia Real Estate Relocation Connection Real Estate Relocation and Reference Connection Country Properties in Virginia and West Virginia For Sale By Owner Shenandoah Valley Real Estate HOUSES FOR SALE BY OWNERS FOR SHENANDOAH VALLEY AND WEST VIRGINIA FSBO * Homes For Sale By Owner West VA * Land for Sale West Virginia West Virginia Real Estate Shenandoah Valley Real Estate Guide Real estate sales rentals, homes, farms, land, cabins, cottages, lots, residential and commercial country properities in Virginia North Carolina Real Estate Carolina Mountains Real Estate - Pinehurst Real Estate Cathryn Lennon Tryon NC Properties - DC Condos Tryon NC Real Estate, Columbus Real Estate, Polk County Real Estate Long Island Real Estate for Sale by Owners Country Properties in Virginia and West Virginia For Sale By Owner Shenandoah Valley Real Estate North Carolina Real Estate Carolina Mountains Real Estate - Pinehurst Real Estate Cathryn Lennon Tryon NC Properties - DC Condos Tryon NC Real Estate, Columbus Real Estate, Polk County Real Estate Shenandoah Valley Real Estate Guide HOUSES FOR SALE BY OWNERS FOR SHENANDOAH VALLEY AND WEST VIRGINIA FSBO * Homes For Sale By Owner West VA * Land for Sale West Virginia Long Island Real Estate For Sale by Owner Find out how you can sell your own house here Long Island Real Estate Relocation Directory Long Island Real Estate Relocation Directory Long Island Real Estate Boutique Real Estate Services Long Island - Long Island Relocation Guide HERE IS WHAT SOME OF OUR SPONSORS ARE SAYING! " The Shenandoah Connections helped us with our first Savor the Valley Fall Festival by putting us in touch with potential vendors that we otherwise would not have known about. Mark Barreres provided musical entertainment for that same event and it was terrific! I look forward to working with Shenandoah Connections again !!" - Amy Proctor from Shenandoah Caverns & American Celebration "I recently moved to the Shenandoah Valley form Arizona. Through shenandoahconnection.com I was able to locate and contact other musicians with whom I am now working. Without this resource it would have been impossible to do this in a short time frame (less than a year). Also, the connection has also been an important resource for locating and referring persons interested in obtaining basic and advanced instruction in guitar, bass guitar, theory, improvisation, and related subjects. Many thanks to Mark Barreres for this wonderful resource." - Dave Lewis Musician "I have had several on-line ventures. ShenandoahConnection.com has helped me get found on the web and in countless other ways. Thanks Mark!" Jeanne Russell " FYI-Our Business has improved & we are finally being found on search engines, Since working with Shenandoah connection & Mark. No other advertising has been so effective for us - ever. Mark has also been greatly helpful with our web site and is always available for suggestions & help. The ability to be able to link with others in the Valley & our specific area is a great concept & asset. I hope more folks will join the "Connection"! Fuller House Inn in Winchester - Debra " ShenandoahConnection.com has been a real direct benefit to my website. Visitors to ShenandoahConnection.com who then link to www.stevesober.com make Marks websites the third or fourth largest provider of distinct visitors to my website every week. This kind of exposure is very hard to find. Thank You Mark! " - Steve Sober Valley Ballooning of Woodstock VA "Dear Mark, I wanted to take this opportunity to thank you and your staff for all the hard work and assistance with the website. You were certainly good to your word in getting our site listed on the front page of Google. And the best part is, it only took a couple of days! My business has already shown a marked increase, and I look forward to working with you in the coming years. Thanks again!" - Don "A special thanks for all your help goes out to ShenandoahConnection from your business partners" - Roanoke Business Networking . Roanoke Biz2Biz is a response to the needs of Roanoke area companies for a cost effective, online hub to connect businesses to other businesses. It is matchless as a 24/7 business revenue generator. Roanoke Biz2Biz utilizes a variety of interactive tools, expertise in Search Engine Marketing and Business-to-Business Marketing to generate new sales leads. If we have helped your business let people know about it here The Shenandoah Connection Group is looking to work with the new and existing small business, musicians, artists, and advertising groups in The Shenandoah Valley and beyond. It's all networking! Call Mark Barreres at 540-984-8190 The Shenandoah Connection Group Business and Arts Networking The website that is helping to change the way people think about the Internet in The Shenandoah Valley and beyond. It's all about networking ... Long Island Business Network Pennsylvania Arts Small Business Network Western North Carolina Mountains Small Business Arts Networking Shenandoah Valley Musicians Network Small Business and Arts Networking Shenandoah Valley Weddings Shenandoah Valleys Best Kansas City Connection Americana Rhythm Magazine American Sports Collectibles Out of Africa Getting a professional website geared toward your target audience is what the The ShenandoahConnection can do for you! Our desire it to help businesses and individual clients establish or maintain a professional presence on the World Wide Web. Website Promotion by Mark Barreres How Will People Find Your Website? On the First Page of Google! more info If you have any ideas, comments, suggestions or would like to work on a project with us please do not hesitate to call 540-984-8190 or email: markb@shentel.net Our Objective is to foster and encourage creative partnerships between business and the arts... 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Check back frequently, as the we are update our pages daily. We hope you find The Shenandoah Connection Network helpful. Should you see something you feel we should know about, have a scoop to add to our news page, or just want to tell us how we are doing, please send an email to music@shentel.net or call us 24/7 at 540-984-8190 Sign up for our newsletter! HERE Special Thanks Goes out to: Americana Rhythm Magazine Featuring Music of the Shenandoah Valley, Central Virginia and the Blue Ridge. When you advertise your Shenandoah Valley business with Americana Rhythm you help support the musical talent of the Valley in which we live. LA NOUVELLE VOIE DE PASCAL VECCA , Joe Herbert , The Art Group , Jeanne Russell , Starship Ed , Bucky Clark , Acoustic Visions , Google.com , VECCA - 7 East Art , Gene Taylor , Steve Barreres, K2CX , Pops Walker, Janusz B. 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Sell House

Selling Your Home, Sell home, selling a house, selling house, sell your home - Home Services Mortgages Research Moving Zero Down Appraisals -- -- A Simple Guide for Selling a Home on Your Own Preface: Why sell yourself? Selling a home yourself, without an expensive real estate broker is easier than most people think. However, it will take some work on your part. You will be doing a lot of things that a real estate agent might normally do. Just follow the For Sale By Owner.com step-by-step selling guide below, and you'll not only save lots of money, but we'll make the house selling process as effortless as possible It's the money! Sellers save thousands of dollars not paying a 6% or 7% commission. For example, if your home can sell for $250,000, youd save $15,000 to $17,500 in commissions. Sell Your Home Fast. Because you are not paying an outrageous selling commission, you can afford to price your home more aggressively. The lower the price, the more likely it sells fast. You will still walk away with thousands in savings, but you'll just be doing it faster. It's so easy. Despite what a real estate broker may say, selling a house is not rocket science. They know that, and soon you will too. Just follow the simple selling steps below. And, if you have any questions, call us and one of our representatives will try to answer any questions you may have. You are not alone - For Sale By Owner.com will help you every step of the way. We are one of the largest and fastest growing real estate service companies in America. In fact, our web site is one of the top-five most visited real estate sites in America. Thousands of eager home buyers visit us everyday. Perhaps one of them is looking for a home just like yours. Over the past five years, we've helped sell thousands of homes, saving home owners millions of dollars. So let's get started. 8 Easy Steps to Selling a Home Yourself Step 1. Preparing your home to sell - make it look great Presentation is everything! Home buyers are attracted to clean, spacious and attractive houses. Your goal is to dazzle buyers. Brighten-up the house and remove all clutter from counter tops, tables and rooms. Scrub-down your house from top to bottom. Make it sparkle. Simple aesthetic improvements such as trimming trees, planting flowers, fixing squeaking steps, broken tiles, shampooing rugs and even re-painting a faded bedroom will greatly enhance the appeal of your house. Also, make sure your house smells good. That's right, clean out the cat box and light mildly scented candles. Invite a neighbor over to walk through your house like a buyer would. Get their opinion on how it "shows." The stuffed donkey in the family room may have to go to your in-laws for a while. Step 2. Pricing your home effectively Do not over price your home. Over-pricing when you sell a home reduces buyer interest, makes competing homes look like better values, and can lead to mortgage rejections once the appraisal is in. Over-pricing when selling a home is the single biggest reason why many "for sale by owner" home sellers don't sell their homes successfully. Remember: the home selling market dictates the price (not what you think it should be worth). One of the best ways to correctly price your house when selling is to find out how much other homes, similar to your own, recently sold for in your neighborhood. Talk to home sellers, buyers and check out the real estate listings in your local newspaper. Typically, if you set the price of your home at 5 to 10 percent above the market price, you are likely to end up with an offer close to your home's true value. Also, you may try calculating the cost per square foot of your home compared to the house selling prices in your area (divide list price by square footage of livable space). If your house has more features or other desirable qualities, you may want to set a slightly higher house selling price. The easiest way to accurately price your home is to contact your local home appraiser . Finally, set your house selling price just under a whole number, such as $169,900 rather than $170,000. Step 3. Get a real estate lawyer Even though it's an additional expense, it may be wise to hire a lawyer who will protect your interests throughout the entire transaction. An experienced real estate lawyer can help you evaluate complicated offers (those with a variety of conditions), act as an escrow agent to hold the down payment, evaluate complex mortgages and/or leases with options to buy, review contracts and handle your home's closing process. They can also tell you what things, by law, you must disclose to buyers prior to a sale and can also help you avoid inadvertently discriminating against any potential buyers. In some areas, title companies will handle all aspects of the transaction and have in-house legal departments that can assist you with legal issues that may arise. To locate a title company in your area, click here . Unless you're significantly experienced in the home selling process, having a real estate lawyer at your side provides peace-of-mind. You know you've got someone looking out for your interests, not just the buyers. To locate a lawyer in your area, click here Step 4. Marketing your home Exposure, exposure, exposure. That's how sellers sell their home fast. For Sale By Owner.com provides extensive home exposure because over 700,000 unique visitors come to the web site each month (that's Internet-speak for new people). In fact, For Sale By Owner.com is one of the top-five most visited real estate web sites in the U.S. getting literally millions of visitors looking to buy or sell a home. We spend tens of thousands of dollars a month to assure that For Sale By Owner.com is prominently placed on Internet search engines so buyers can easily find our site throughout process of selling your home. If your home is in a market where For Sale By Owner.com has a mass-distributed magazine, your home's exposure will be even greater because they can be found at thousands of locations frequented by buyers that include grocery stores, shopping centers, convenience stores and restaurants (the magazine is in over 40 markets nationwide). Writing your sell ad While For Sale By Owner.com allows you a 3,000 word description of your house (try to afford that in a newspaper ad), your advertising copy should be thorough yet short, simple and to-the-point. Long, flowery prose will not make your house sound more appealing. It will simply make it harder for the home buyer to read. Make sure to provide the critical facts buyers are looking for such as the house's number of bathrooms, a re-modeled kitchen, etc. Most home buyers quickly scan ads, so it is important that your house stands out. For example, you may want to add a theme-line such as "Priced below market" or "Great schools." Stay away from industry jargon and use language that makes home buyers comfortable. Survey our web site and see how others have written their ads. You will quickly see which are "buyer friendly." Copy their approach for your ad. Home Photos: Yes, a picture is worth a thousand words If you are taking a photo of your home, be sure that the home's yard/driveway is uncluttered. Remove bikes, garbage cans and parked cars. The same applies for interior shots. People are looking to buy your house, not your possessions. Think of furniture as props and the room a stage. Move things around if you have to. Also, take lots of house photos. Film is cheap...your home deserves quality. The more you shoot, the better the odds are that you'll get a few really good shots. Lawn signs Lawn signs are one the most important marketing tools for home sellers. They attract attention to your home. Professionally-produced signs (like the ones we can send to you) telegraph to home buyers a "quality" image of your house. Directional signs also help drive buyers to your property, especially if you do not live on a busy street. Open houses Open houses are sometimes a good way to attract buyers to your home. Typically, real estate agents conduct open houses for two reasons; 1. Clients expect them 2. They are a good way to attract buyers, not just for the open house but for all houses for sale in the Real Estate Agent's area (yes, your competition). The fact is that very few houses sell due to a open house itself. Home Brochures/Information sheets It is a good idea to create an information sheet (with a photo) about your home to give potential buyers. Consider printing copies of your ad from For Sale By Owner.com to give to people who visit your home. The MLS The MLS or Multiple Listing Service can also help market your home, particularly to real estate agents who may know of buyers seeking a property like yours. The MLS is a directory used by real estate agents to announce to other agents that they have a home for sale. In many selling markets, For Sale By Owner.com can put your house on the MLS (for an additional fee). However, if a real estate agent finds you a buyer after seeing your home on the MLS, you must usually pay that agent a 2.5% to 3% commission (the law states that all commissions are negotiable, however). You are your home's best salesman As every salesman knows, to be effective you have to really know your product. And who knows your home better than you? Certainly not a real estate agent, who, in all likelihood, has spent only a few moments in your house before showing it to prospective buyers. Sell your neighborhood as well as your house. Show enthusiasm, but don't get caught-up talking too much about how "your daughter spent the best years of her life in this very room." Step 5. Negotiating an offer on your home When a home buyer makes an offer (this is often presented to you directly from the buyer or through their lawyer), you should consult with your attorney. Buyers and sellers have an Attorney Review Period, which is usually three days, to cancel or amend the offer. The offer becomes a contract at the end of the Attorney Review Period, and is binding. Many of your home's offers can be complicated and contain special clauses that favor the buyer. Purchase price isn't everything. Carefully consider the purchase contract's other terms and conditions. Too many contingencies can leave loopholes and cause a deal to collapse. Especially avoid contingencies that favor the house's buyer, such as linking the escrow closing date to the buyer's sale of their current home. If the buyer insists on such terms, include a so-called kick-out clause in the contract that will allow you to consider other offers if the buyer isn't able to sell within a certain period of time. Assess your buyer's financial qualifications Is the buyer pre-approved? How much of a loan is the buyer seeking? Unless you are in an active market, lenders tend to shy away from underwriting a deal in which the purchase price is higher than the nearest comparable sale and the buyer is putting less than 10% down. If this is the case, your buyer may not be able to obtain financing. Know the home selling market How you judge an offer also can depend on market conditions. If the selling market is slow, you may feel vulnerable, especially if circumstances are pressing you to sell. Make sure any offer you accept does not keep you in escrow longer than 30 days. In a hot market where multiple offers are likely, be wary of countering more than one offer at a time (you could end up in legal trouble if two buyers both accept your counter offer). Also be wary of offers that promise more money but contain poor contract terms (long escrow, multiple contingencies, etc.). If you feel the home's offer is insufficient, make a counter offer. Rarely is a first offer the buyer's absolute highest price they are willing to pay. Negotiating is part of the home selling process. Again, your lawyer should review the details of all offers. Step 6. Home inspections All standard real estate contracts are going to give the prospective home buyer the right to inspect your property - so be prepared. Under a general inspection you are obligated to make major repairs to appliances, plumbing, septic, electrical and heating systems - or the buyer may cancel the offer. The inspection will also include your property's roof, as well as a termite inspection (in some states, house sellers must provide proof that the home is termite free). If you are concerned about how your home will fair when inspected, you may want to visit your local inspector . They can conduct an inspection for you before a potential buyer has one done. This way, you can address the problems before a buyer stumbles upon them. Once the inspections are complete, the buyer makes an application to a mortgage lender. Step 7. Buyer appraisals and other details The mortgage lender will order an appraisal of your home to make sure they are not paying more than the house is worth. They may also order a surveyor to make sure that the property boundaries are properly laid out. They will also order a title search to determine if there are any liens against your property. These tasks are all the responsibility of the buyer and/or their attorney. At this point too, the mortgage company will issue a commitment . Again, the buyer (and their attorney) must complete all conditions listed on the mortgage commitment. Prior to closing, you should notify your lender that you will be paying off your mortgage. After a closing date has been agreed to, you should contact your utility providers and advise them of your final billing date. Step 8. Closing The day of the closing , the home's buyer will do a "walk through" of the property to make sure all agreed repairs are completed and that the home is in the same condition as when the buyer made their offer. If problems arise that this point, the closing can still take place with funds held in escrow to remedy the problem. Closings usually occur 30 - 45 days after you have signed the sales contract. Depending on what state you reside in, you may close with an attorney, or with a title company. At the closing, all monies will be collected, any existing loans or liens will be paid, the deed will be transferred, and insurance will be issued insuring a free and clear title. The home seller will receive the proceeds of their home in one to two business days after the closing. Conclusion This step-by-step home selling guide is a general overview of the process when selling a home. Each state has slightly different laws and customs as they relate to the transaction process. Selling a home yourself can be time consuming, but the financial rewards can be tremendous. With help from For Sale By Owner.com , we try to make the process of home selling on your own as easy as possible. For Sale By Owner.com Your experts in selling a home on your own. -- Privacy & Disclaimer Partner With Us Career Opportunities Press Room Contact Us Buying A Home Your Credit Report Terms and Conditions Home Selling Tips Selling Your Home © 1997-2005 For Sale By Owner.com Your source for selling a home on your own. We make the home selling process a cinch. Sell real estate, sell a home, and sell your house, fsbo. Real estate selling, home selling, house selling. Site Map Home



Buy property in France

Guide to Buying a House Abroad Guide in UK Net Guide: Homes & Property Home Business Money & Finance Jobs & Education TV Guide News & Weather Arts & Entertainment Homes & Property Lifestyle & Dating Sports & Leisure Health & Fitness Travel & Holidays Shopping & Gifts Motoring Homes & Property Property Gardening Furniture DIY Rate This Guide Not Rated -- Web Search GO Local Business Finder GO Sorry, you need inline frames to see this poll. Home >> Homes & Property >> Guides >> Guide Homes & Property Guide to Buying a House Abroad More than two million Britons own a home abroad, and more and more of us dream of jumping on the same bandwagon. But whats involved? How do I find a home abroad? Most people spot something while they are on holiday. Otherwise, several magazines list foreign properties for sale, including Exchange & Mart, Homes Overseas and Foreign Property News, and there are hundreds of websites offering overseas sales. Im really keen to proceed Its time for a reality check. Half drunk on sun and sangria and on a break from the office, almost anywhere can seem appealing. Ask yourself these questions: What is this house like in winter? What happens to the local area in the off season? Do I want to go to the same place every year? Are you prepared to spend your holidays organising foreign builders, roping in friends and doing the hard graft yourself? Have you considered the cost of getting to your holiday home? Cheap flights have opened up large parts of Europe to British buyers, but dont assume that those routes will be there forever of or that prices will stay low. Dont assume your house will rise in value. This is a peculiar British obsession. If you are buying thinking you can sell at a profit later, you could be disappointed. It may make more financial sense to rent. How do I raise the money? If you can buy with cash, do it. You will own the property outright without increasing your mortgage debt. This will mean fewer bills. If you don't have the cash, there are two ways to pay for a foreign home. You can extend your main mortgage, or you can get a new mortgage for the property. Extending your mortgage is presently a cheap way of raising cash, but you may not be able to get a remortgage for more than 75% of the property's price. But remember, you risk losing both homes if you cannot keep up payments. The other option is to take out a second mortgage on your holiday home. Several High Street companies offer mortgages overseas, including Abbey National and Barclays. Conti Financial services in East Sussex is one of many companies that can arrange mortgages for homes abroad. You often have to have at least 10% of the price in cash. Can I get a mortgage in the local currency? Yes, but you need to be aware of all the risks. Taking out a foreign currency mortgage could be dangerous. You are exposed to currency fluctuations: the pound can move against the euro or the dollar - if it weakens, your payments will increase. On the other hand if you are buying property in another country your home will be valued in that currency so it could make more sense to borrow in that currency. How long will it take to complete? It depends on the country you are buying in. Buy property in France and it could take up to 20 weeks to complete the transaction. In Spain, Italy, Greece and Portugal it will average between 12 to 18 weeks. Be aware the longer it takes to complete the transaction the more at risk you are from rate fluctuations, which could add thousands to the real cost of the property in the time it takes to complete. I don't speak the language You will need a reputable solicitor and valuer who is local. Your bank or mortgage lender should be able to help you find these professionals who also speak English. The Federation of Overseas Property Developers, Agents and Consultants has a list of lawyers who specialise in buying abroad. Beware that in some countries lawyers act for you and the seller, so make sure you're getting independent advice. Talk to a British lawyer before you sign anything, and remember, you often cannot pull out of an agreed offer as you can in England and Wales. Are there any hidden costs? Almost certainly. Britain has some of the cheapest home-buying costs in Europe. For example, French legal fees are high - ranging between 10% and 18% of the house price. There is also a regional tax and an occupancy tax if you live there more than eight months a year. In Spain, valuation costs 100, and loans must be signed by the public notary. This costs 580 on a 45,000 mortgage. Taxes and legal fees will normally amount to at least 10% of the property value. What about day to day running costs? The buying process is the not the end of the expense. Check carefully what local taxes you must pay, and be aware that in many blocks of flats you have to pay a service charge. You'll need to open a local bank account, as services such as water and electricity may only connect you if you sign a direct debit. Local bills must be paid in local currency - this costs money to buy and in some cases foreign banks charge extra for transactions. Are there tax implications? Yes. If you rent out your property abroad income will have to be declared to the British taxman. Check out the tax laws of the country you're buying in. There may be implications if you rent or sell the house. Many countries have reciprocal tax agreements with the UK so that you don't end up paying tax twice. You also need to make a will, as local inheritance tax laws may also come into play. Most of Europe is governed by Napoleonic law, which means that your children and spouse will be entitled to a share of your estate. This can create inheritance tax problems in the UK, where only assets left to a spouse are exempt from IHT. Get good advice. How do I insure my home? Ask your own home insurer if they offer a deal to insure a property abroad. Average User Rating: Not Rated -- Sponsored Links Buying in the Sun? Barclays' European mortgages and bank accounts - in France, Spain, Portugal and Italy. Guide to Moving Abroad Thinking of buying abroad? Try this site for advice and ideas. Save Money when Buying Property Abroad Great exchange rates, expert guidance, no commission and fast transactions. Make your money go further with Moneycorp. Advertising | Disclaimer | Privacy Policy | Email Us | Add URL | FAQ © UK Net Guide 2000-2005. All Rights Reserved. Thousands of properties on Loot.com now! Tools & Search Property Search Auction Search Compare Utilities Flatshare Search Home Insurance Search Mortgage Search New Homes Search Repossessed Homes Other Useful Guides More Guides... 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