Be it for leisure, business or as an investment, there are many good reasons to acquire a residence abroad. Whatever your motives, buying a house abroad is an important decision which will influence the nature of your wealth.
You can avoid problems by taking into account the legal and fiscal implications from the outset, as there are still substantial differences between countries regarding:
- sales contracts;
- the role of a notary public;
- the possibility of introducing terms of contract dissolution;
- the time allowed for consideration before the final purchase.
It is also safer to consider the structuring, financing and estate planning aspects.
- Which asset structure would be best to make the purchase: private financing or through a legal structure?
- If you choose to invest your assets in securities, how could you use them to buy a residence?
- Does your estate planning require property with a lower net value?
- Do you need to adapt your will or would it be best to have a foreign will drawn up?
If you finance your residence abroad, then your relationship manager takes care of the entire procedure. You can even finance the foreign residence from your home country. This way you are not dependent on a foreign bank or on financing conditions that may be less advantageous than those to which you are accustomed.
Trustworthy, fast and easy
With Fortis’ Cross-Border Mortgage, you benefit from several advantages:
- you are offered attractive financing and flexible mortgage conditions;
- you don’t need to send your financial documents back and forth between your residence and the country of your choice;
- you can have your foreign home valued through a local appraiser;
- the mortgage deed is drawn up by a notary public in the country where your foreign home is located, in accordance with the laws of that country.
