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Non resident mortgage

Posted: Wed Jun 30, 2021 8:02am
5 replies58 views3 members subscribed
2816emmag

Posts: 3

Location: Cala en Porter

Joined: 30 Jun 2021

I am trying to secure a mortgage to purchase a second property, but as a non-resident, I am struggling.  I really need a broker, or similar, who can look at all the options.  Does anyone know of anyone who might be able to help?

Thanks in advance x

Tamara

Posted: Thu Jul 1, 2021 9:31am

Posts: 47

8 helpful points

Location: Son Bou

Joined: 27 Apr 2020

Posted: Thu Jul 1, 2021 9:31am

Hi. You might be better off asking the Imobilaria, the Estate agents if your buying one of their properties. They maybe a le to give you some advice or know someone that knows the procedure. Otherwise a lawyer.  I'm selling my house if your interested. X

2816emmag

Posted: Thu Jul 1, 2021 10:00am

2816emmag

Original Poster

Posts: 3

Location: Cala en Porter

Joined: 30 Jun 2021

Posted: Thu Jul 1, 2021 10:00am

Tamara wrote on Thu Jul 1, 2021 9:31am:

Hi. You might be better off asking the Imobilaria, the Estate agents if your buying one of their properties. They maybe a le to give you some advice or know someone that knows the procedure. Otherwise a lawyer.  I'm selling my house if your interested. X

Thanks for that.  I actually already own part of the property I'm buying, and am all good on the legal stuff, but struggling to sort a mortgage from this end.  Really need a broker or mortgage advisor over there who can help speed up the process

ClaireT

Posted: Mon Jul 5, 2021 10:28pm

Posts: 6

Location: Cala en Porter

Joined: 1 Oct 2019

Posted: Mon Jul 5, 2021 10:28pm

Try banca March in Mahon, it's a bank local to the island and they have a dedicated person who speaks english and advises british people on bank accounts and mortgages.

2816emmag

Posted: Mon Jul 5, 2021 11:12pm

2816emmag

Original Poster

Posts: 3

Location: Cala en Porter

Joined: 30 Jun 2021

Posted: Mon Jul 5, 2021 11:12pm

ClaireT wrote on Mon Jul 5, 2021 10:28pm:

Try banca March in Mahon, it's a bank local to the island and they have a dedicated person who speaks english and advises british people on bank accounts and mortgages.

Banca March not offering mortgages to non-residents at the moment.  Thanks anyway

ClaireT

Posted: Tue Jul 6, 2021 12:54pm

Posts: 6

Location: Cala en Porter

Joined: 1 Oct 2019

Posted: Tue Jul 6, 2021 12:54pm

2816emmag wrote on Mon Jul 5, 2021 11:12pm:

Banca March not offering mortgages to non-residents at the moment.  Thanks anyway

What a shame, I would have thought it would help the islands economy. 

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