These offshore (or international) mortgages are typically suitable for non uk residents buying in the UK or in other select countries around the world.
Offshore Mortgages are normally suitable for:
Offshore mortgages are also available to clients, companies or truststhat wish to hold a UK property, that is based in a country that will be more favourably towards tax treatment – Isle of Mann, Jersey, Bermuda, British Virgin Islands etc.
If a purchase is structured with an offshore mortgage lender youmay be exempt from UK tax, which may be very advantageous if you are a higher rate tax payer.
Offshore mortgages are also a great vehicle to fund property purchases for clients that have never resided in the UK and have no intention to but simply want to invest in the UK housing market.
Depending on the lender mortgages are available in a variety of currencies including; PoundSterling, Euro, US Dollar, Hong Kong Dollar, Swiss Franc and Japanese Yen. Fluctuations in exchange rates may increase the Sterling equivalent of your offshore mortgage.