I moved to the US a few years ago from the UK where I still have a property. I have a UK mortgage on that property. Trouble is UK banks dont offer fixed mortgages over 5 years. Does anyone know if its possible to secure a US mortgage on a Overseas property? Id like to get a fixed long term rate and maybe even benefit from the current cheap GBP and Stronger $ which I think will not be the case for long..
Any advice or feedback appreciated…
A strictly US based bank is not going to issue a mortgage on a property overseas. If you default on the loan, they have no way at all of recovering their loan since the collateral is in another country.
You will have to do business with a bank like American Express that has offices in both the US and the UK.