Credit for a property purchase abroad

Preconditions

Before considering a purchase abroad, there are several important things you need to take into account. How much can you borrow for your purchase abroad? Are there specific conditions that have to be fulfilled? In which countries can you buy? Which financial institution should you turn to?

Unless you already have the funds to buy your property abroad, you will have to go through the process of borrowing from a bank.

Our credit brokers can help you secure the loan. We have all the tools we need to examine your request, analyse your personal situation and offer you the best solution.

When buying abroad, as with any mortgage, you need to ensure you can make the repayments on your loan. Depending on the country where you want to buy a property, the financial institution may also impose other constraints, such as a property guarantee in Belgium.

The requirements are thus quite similar to what you need for a purchase in Belgium:

• Owning a property in Belgium
• Having a sufficient stable income, proving your ability to repay
• Not being blacklisted with the National Bank of Belgium
• …

Contact us for a personalized offer

Buying abroad is a serious project. The outcome depends partly on your personal situation, but also on the travelling companion you choose to help you reach your goal. As a mortgage broker for over 20 years, LR Finances can help you make your biggest dreams a reality.

Useful info

• The interest rate of your mortgage is set according to the Belgian market, not the country where you wish to buy
• Buying a property abroad can be tax-efficient if certain criteria are met. For example: capital depreciation and interest deduction.
• As with any mortgage, you will have to go through a notary and pay various fees

You should also consider insuring your property. Our insurance brokers will give you the best advice on choosing a custom solution.