Moving Abroad?
Stay in your home until you are ready to move.
Emigrating to homes overseas has become more popular over the last 10 years. The appeal of warmer climates and a better lifestyle has led many to leave their UK houses and take up residence in a foreign land. Whatever the reason for moving abroad the issue of timing the sale of your UK property can become difficult.
There is now a short term sale and rent back service so you can complete the sale of your house and continue to live there until you are ready to move to your overseas home. This can provide you with greater flexibility and put you in a better position to negotiate to buy your new home. As a cash buyer, your offer will be considered much more favourably than from a buyer with property to sell.
The offplan advantage
If you have purchased your new home offplan you may not have an exact date to move in. There are many factors which can delay construction, so if you are waiting for completion it will be easier to stay in your existing property while the building is finished. This saves having to sell your home and move into temporary accommodation which can be expensive and inconvenient. A short term rent-back contract can ease the transition between homes, your property can be bought quickly too if you need to raise money fast. Many new build projects require staged funding which can be paid for through the release of equity in your UK house.
Renovation works
If the property you have purchased is in need of renovation or is uninhabitable due to building works, we can help. By selling your UK home and renting it back while the construction work is being carried out it will mean that you can release cash to fund the work and stay in your home in the UK. Most banks will only provide limited funding for overseas building projects so a sale and rent back can provide the finance for your new home.
Exchange rate fluctuations
Buying a property overseas can prove to be much more expensive than you planned if the exchange rate between currencies fluctuates. A small change in the rate of the currency you are buying in can make a significant difference to the price you actually pay for the property. Your new villa or apartment can cost 1000s more if the rate goes against you. There are forward currency buying services available but they can be a gamble and limited in their scope.
It may prove to be a better option if you can place the cash to buy your property in a foreign bank in the currency of the country you intend to buy in. This way you can be sure that the money you budgeted for will be available for the purchase. A sale and rent back of your UK home will release the funds to facilitate the buying of foreign currency in your country of choice.
Rent Back Investments can help make your move easier.
http://www.propertynetwork.biz
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