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Q: Where do I start my search for overseas property & investments?
A: International Property Mole source a wide range of overseas properties, Contact one of our consultants for advice about where to buy and what kind of property you are looking for. We will be glad to help you by giving you a free no obligation consultation. Don't forget also, it's wise to obtain professional, independent legal, financial and tax advice.
Q: I've seen a property I am interested in on the Property Mole web site how can I purchase it?
A: Just simply phone our enquiries hotline on 0845 652 1431. Our consultants will guide you through the process and help you secure your dream home overseas.
Q: Can you talk to someone in charge or just the telesales centre?
A: The Managing director of IPM is always available to to talk to you. We care about our business and are concerned to ensure we meet and exceed our clients expectations
Q: How can I raise money to buy my overseas property?
A: In most cases there are lenders in the market that you are buying who will finance your investment. Generally you will be able to borrow between 70-90% Loan to value subject to their lending criteria. You could also release some equity from your
UK property to fund your investment. A lot of our invesment properties are SIPP compliant now which means they have been approved by the financial services authority and you can use funds from your pension fund to invest. This means you have control and can decide where you want to invest some or all of your pension.This is now a very popular way to raise capital for investment.
Q: Do I need legal advice?
A: Of course legal advice should always be sought and we will always recommend suitable legal professionals for any investment opportunities that we are marketing.
Q: What is “off plan”?
A: Buying 'Off Plan' is buying a property that hasn't been built yet or is yet to be completed. You will not be able to see the finished property before committing to buy; however, you will be able to view plans, artist’s impressions, or 3D graphical representations of the development. For more information on this you can download and read the Property Mole brief investment guide from the web site here and of course contact one of our consultants if there is anything you are unsure about and we will be happy to answer your questions.
Q: How do I look for properties?
A: It's quick and easy to go to our development opportunities and have a browse. If you need any advice or have questions just give us a call.
Q: Do I need a substantial amount of money to invest?
A: No, not necessarily. Many investors have structured a deal with very little money down, with deposits from as little as 10% of the property value, which can be as little as £5,000 on some of the properties we offer
Q: Do I need to spend a lot of time investing in property?
A: You can invest without changing your day-to-day routine at all. International Property Mole provides quality investment opportunities. As we aid you through the process, you can speak to us over the telephone at any time. By working with us you will be benefiting from a long-standing relationship where we will keep you updated on new and exciting opportunities as they come to market.
Q: How many properties can I purchase through International Property Mole?
A: There is no limit to the number of properties you can purchase. You can acquire one or as many as you want as long as it suits your strategy which we will help you define. We are happy to work with clients who are building a portfolio and sometimes acquire more than one property per development.
Q: Which are the best countries in which to buy new homes?
A: That depends on your requirements. Obviously your budget is the main consideration & direct flights and warm weather if it’s a holiday home you are looking
for. Others simply consider the investment potential or homes with rental guarantees, and never use the home
for themselves. Up-and-coming countries include
Turkey,
Morocco and the
Far East. Other popular destinations
for Brits are established favourites such as
Spain,
France,
Italy &
Portugal.
Q: Can I fly out and see the property?
A: Yes of course we can help you to arrange discovery tours and the developer themselves will offer some kind of inspection trip package.
Q: I want to buy a home, but I can't look after it all-year-round. Who can help?
A: Independent management agencies or developer affiliated will clean and maintain your property
for a fee. It will differ from development to development but generally this service will be available as part of your property purchase.
Q: I've heard that I can get guaranteed income from my home abroad. Is that true?
A: Many companies will offer a limited guaranteed income. Typically, this could be 8% for a couple of years. For more information see the individual property details. You should be aware that some developers will try to build in the rental guarantee to the price so its not really a good deal. At IPM we try to source deals that are cash flow positive without any kind of Gaurantee needed.
Q: Will I have to pay tax?
A: You may, so it's worth considering that in your budget, but it varies from country to country. Some, such as
Dubai, are tax-free. However, it is wise to seek specialist tax advice before buying your property.
Q: Do you offer financial investment advice
A: We are not legally qualified to offer financial investment advice. International Property Mole only offers current property opportunities which we have approved. We prefer to work with legal and financial experts whom we can recommend or you may choose to nominate your own professionals.
Q: Who will mange my property rental on completion?
A:We do not per
form property management functions ourselves, but we are able to recommend many professional local and international letting agents who can manage your property
for you. Many of our developers also offer a property management service.
Q: Can I choose my own solicitor?
A: Yes of course you can, but we will always be able to recommend a suitable legal professional either in the
UK or the country where a property purchase is made.
Q: Do I need to be approved for a mortgage before purchasing an off plan property?
A: For developments with build times of less than 6 months, we would recommend that you obtain an approval in principle. With a build time in excess of 6 months, it is not necessary at this stage. You can discuss your requirement with one of our recommended mortgage brokers.
Q: Can I choose my own mortgage broker?
A:Yes you can, but we always recommend the services of one of the many companies we work with around the world. They have access to the leading products for buying off plan and can save you time, hassle and money when making overseas mortgage decisions.
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