Property purchase is a reasonable excuse to travel overseas
Good news for home owners and potential purchasers of overseas property with the UK announcement of an Exemption to travel abroad to purchase, sale, letting or rental of residential property. Property purchase is a reasonable excuse to travel overseas.
The latest travel ban restrictions, which will apply from March 29, will include a list of specific ‘reasonable excuses to travel’ outside the UK.
Those activities include visiting an estate agent, developer sales office or show home, viewing residential properties to rent or buy, and preparing a property for moving in.
With so many owners & purchasers having been frustrated by their inability to travel, it’s expect to see a rush of activity within the sector. However, second home owners, or those planning to purchase second homes should continue to make decision with their heads, rather than their hearts, and not rush into anything without due consideration and independent legal and financial advice.”
Make sure you book your appointments to view property before travel as anyone who is caught breaking the rules on travelling abroad – by going on holiday from the UK – faces a fine of up to £5,000.
Viva Costa has been helping clients and mortgage brokers with overseas mortgages for over 20 years
We can help if you or your clients are looking for a mortgage in Spain, France, Portugal, Turkey or USA.