Conti offers remortgage facilities on residential properties located in any of the countries listed below that have:
No mortgage debt existing, or
An existing mortgage, but the property has increased in value since it was purchased
Countries where remortgages are currently available
| Countries | Loan to Value (LTV) |
|---|---|
| Greece, Portugal, Spain | Max 80% |
| France*, Germany**, Ireland***, Italy, Monaco, Turkey, USA | Max 70% |
| Bulgaria | Max 75% |
| Cyprus | Max 60% |
| Canada | Max 65% |
| Cape Verde | Max 85% |
| South Africa**** | Max 50% |
* Possibly up to 85%, if the client has an existing mortgage in place and dependent on the use of any additional funds.
** Max 70% Employed or 56% Self-Employed
*** Remortgages are possibly available between 70% to 80%
**** Any funds raised would typically have to remain in South Africa, subject to local Exchange Controls.
All schemes are subject to current personal financial status and a satisfactory valuation of the property.
Remortgages on overseas properties can be used for:
Buying another property in the UK or overseas
Providing the deposit for a property purchase in the UK or overseas
Repaying or replacing existing debt and possibly reducing current monthly repayments on property in the UK or overseas
Reducing Inheritance Tax liability (where applicable) in certain countries
Additional Options
By using one or more overseas property (plus possibly an existing UK property) 100% + mortgages may be available for any new property.
In some countries 80% of the rental income from an existing contract could be taken into account.
Loans with higher LTVs may be available for home improvements to the existing property.
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