Telephone: +44 20 8838 4466

Frequently Asked Question

Will I have to arrange to see the properties myself?

No. We could arrange to book your accommodation, pick you up from your accommodation and take you to the properties. We will tell you all you need to know about the property, areas, schools, amenities etc so that you can make an informed decision without any pressure.

In whose name should I purchase the property?

There are a number of ways to purchase the property:
• In your own name
• In the joint names of husband and wife or co-purchaser (s)
• In the names of your adult children or in the name of somebody who will eventually inherit the property from you
• In the name of a UK limited company.

How much can I borrow?

Please refer to our Buying Guide section of the respective country, in the 'Real Estate Information' link at the top of the page.

Do I need permission to purchase a property Abroad?

Generally, no. Where necessary, a lawyer can apply for the permission for you.

Do I have to be in the country to complete the transaction?

n the event that you will not be able to attend the signature of the promissory contract your lawyer will provide you with a power of attorney and advise you of the necessary formalities for this document to be prepared abroad.

What is the procedure for buying property abroad?

Please refer to our Buying Guide section of the respective country, in the 'Real Estate Information' link at the top of the page.

Will the property be freehold?

In almost all cases yes, your lawyer will make all the necessary checks so that you are in a fully informed position before you buy.

How much deposit is required?

Normally at least 10 % of the purchase price is paid when you sign the promissory contract. This contract should only be signed when your lawyer has made the necessary searches on the property and when you feel comfortable with all of its contents

How long does the process take?

Once the valuation has been carried out, a loan offer is issued, and all formalities run smoothly, usually a minimum of 12 weeks should be allowed for completion.

If you still have questions having read this section, please don’t hesitate to contact us!.

Please note: that on Cosmic Villas Ltd web site does not constitute regulated financial advice. We recommend a course of action specific to your personal circumstances. The information is intended to provide general personal financial information. We urge you to consult an Independent Financial Adviser (IFA) before making any important decisions about your finances. We can arrange this for you, call us or email us. Any statement regarding financial services products and tax liability is based on legislation and tax practices as at 1 January 2004, which is, of course, subject to change. The value of any tax benefits or relief's depends upon the individual circumstances of the investor. For with-profit based investments, there is no guarantee as to the level of bonuses that will be declared, if any. Where mortgages are explained please do remember that your home is at risk if you do not keep up repayments on a mortgage. All mortgages are subject to underwriting, status and are not available to people under the age of 18.