Frequently Asked Questions
What is the Due Diligence?
A study that often precedes the purchase of property, which considers the physical, financial, legal, and social characteristics of the property and expected investment performance In other words, to a potential property investor, due diligence means "making sure you get what you think you are paying for."
Is Due Diligence carried out on all our developments?
All our properties have had Due Diligence carried out before they’re even advertised. Permission to build, land ownership and the building license are all confirmed, reducing the risk as much as possible. Certain investment deals might be advertised before the final build licenses are confirmed, but this will be made quite clear in the advertisement.
How much does our service cost?
Absolutely nothing. We take our commission direct from the developers, nothing is added onto the asking price. We have strong relationships with the developers we choose to work with and are able to negotiate on your behalf if you so wish, meaning when possible we can save you money.
Also, as we carry out full due diligence, you can be certain every effort has been made to ensure that your purchase will not be just another 'horror story'.
How do I go about arranging a mortgage for my overseas property?
We are able to identify various mortgage advisers in the countries we sell in. We can recommend the most suitable company to work through depending on your own requirements.
How do I go about renting out my overseas property?
Holiday Lettings offers effective and affordable online advertising for holiday home-owners wishing to rent out their property. They provide detailed photographs, descriptions and availability for thousands of holiday properties all over the world. Click on the link or quote our Introducer ID number: 45338
What about legal advice?
It’s important to have independent legal representation and advice when you’re buying property overseas. You might also want to organise a Power of Attorney, which means a solicitor is appointed to act on your behalf so you don’t have to fly out to sign papers. You can use your own lawyer, or we can recommend lawyers in each country.
How do I go about getting my property insured?
For comprehensive building and contents cover we recommend Intasure’s Holiday Homes Abroad Property insurance, specifically designed for UK-based owners of overseas holiday homes. Intasure’s comprehensive cover is underwritten by one of the world’s leading insurers, Lloyds of London and other international insurers, and includes essential features such as cover during letting and protection when the property is unoccupied. Click on the banner below for further information, or quote our Introducer ID number: 202924 when you contact them, enter your property details
Click on the banner below for further information, or quote our Introducer ID number: 202924 when you contact them, enter your property details
Can I go and see the properties before I buy?
Yes, in fact, we strongly recommend doing so. This gives you a fantastic opportunity to view the properties first hand, as well as get a feel for the area itself. We have offers on for each country we sell in when it comes to viewing trips. For example, if you are interested in buying one of our properties in Turkey we can arrange a £49 inspection trip. For this £49 you get your flights, transfers and accommodation, they are individually tailored trip and you will get to see only the properties you want to. The inspection trips usually last between 3-4 days. Offers for other countries differ, but please get in touch and we will be able to discuss the offers specific to the country you are interested in.
What happens after I have bought?
We offer a complete after sales service, once a customer, always a customer. We pride ourselves on providing the best service possible. If you have any questions, enquiries or just want to keep in touch and updated with our latest property news, please feel free to get in touch.
What is the AIPP?
AIPP Members have voluntarily signed up to follow the AIPP code of conduct, a code established to help consumers by showing where they will find professional companies; it is an illustration of each Member’s commitment to high standards in their work. Members must act with honesty, transparency and integrity in all the dealings with the public and with the industry. For full details of the code of conduct and the AIPP Disciplinary Procedure, to which all Members have also agreed to be bound should the code not be followed. For more information on the AIPP please visit their website. www.aipp.org.uk
Contact me if you want advice about a country, some ideas as to how far your budget could go if buying overseas, or discounts negotiated on multiple property purchases. Or just call me for a chat.
