If you are planning to buy a property abroad or even just thinking about it, whether it is a farmhouse, cottage, apartment, villa or business, one of the first things you should do is identify a legal team to look after your interests.

They will help you avoid the pitfalls and risks associated with buying a home abroad, which is considered to be one of the largest financial transactions you may ever undertake.

Whatever type of home you decide upon, there are certain safeguards you should take to make sure your dream purchase does not become a nightmare.

Purchasing property abroad is no more complicated than buying in the UK. One of the most common mistakes is to assume that the purchase procedures are the same as in the UK. Not true, failure to take basic advice can result in financial losses.

Ask yourself why you want to buy a home abroad. Is your primary concern a good investment or do you wish to work or retire there. Where and what can you afford?

From initial contact with the Eastons International to the placing of the Deposit, understanding the Contract, amending it if necessary to safeguard your interest, drawing up a Power of Attorney if you are unable to be there at the final signing ceremony with the Notary (please refer to our Notary services page), and the checking over of the Searches and the final Conveyance document transferring ownership of your new home to you.

The most important tip is to have a well-informed independent legal advisor, and one who can speak both English and the language of the Country in which you are purchasing.

Your expert should advise upon how to purchase the property and in what capacity, the need to make a Will after the purchase has been completed and ensuring that the property is registered at the Land Registry in the correct manner.

You should also take advice on residency and type of property ownership similar to our joint tenancy and tenancy in common.

 

Affiliate Logos Find a Property Prime Location Rightmove
Surrey property | Buy house in Surrey | Let in Surrey | Rent in Surrey | Estate Agent in Surrey | Sell house in Surrey | Property for sale in Surrey | Epsom property | Buy house in Epsom | Let in Epsom | Rent in Epsom | Estate Agent in Epsom | Sell house in Epsom | Property for sale in Epsom | Ewell property | Buy house in Ewell | Let in Ewell | Rent in Ewell | Estate Agent in Ewell | Sell house in Ewell | Property for sale in EwellTadworth property | Buy house in Tadworth | Let in Tadworth | Rent in Tadworth | Estate Agent in Tadworth | Sell house in Tadworth | Property for sale in Tadworth