|Purchasing a Property Abroad
Many Investors in Ireland are now pro-active in the Overseas Property market. Lower interest rates, Interest Only mortgages and good prospects of immediate returns and future capital growth have attracted the Irish Invester all over the world in search of investment, and property in particular. Taking equity out of assets here in Ireland or the UK, together with borrowings on the foreign property itself where available, allow the Irish investor to boldly go where their predecessors never went.
Families are now sitting on significant assets . When used correctly equity can increase their personal wealth and property port-folios, or give them their holiday home they've always wished for (at 2006 prices and not 10-20 years later).
Interest Only mortgages have now become an integral part in financing Overseas property. They offer low-cost mortgage facilities for payment of either deposits or properties in full. They are very flexible in that they can be repaid at any stage via lump-sum payments or a reversion to a Repayment mortgage. For example a €200,000 Interest Only equity release based on a 3.75% APR Tracker Product would only cost €626.00 per month.
If you require any further information on the above please contact us on 01-4069600 or email email@example.com