How international mortgages can help early retirement

Tue, 28 Jun 2011
Brits might be wise to look into international mortgages to help them buy a property abroad as an investment for later life.

According to exclusive estate agent Rouge Property, having a home overseas can help people retire more quickly.

Founder and director David Freeman explained that there are many advantages for those who invest in houses abroad.

"When people try and pay off their mortgage over 20 to 30 years - if you buy a property overseas then there's potential to retire earlier with that and its not as expensive to live," he said.

"There's also the sun, no rain, cheaper cost of living - it's a better way of life at the end of the day, a lot slower paced." Mr Freeman explained that he has invested in Egypt and he foresees himself retiring in the North African country. Other potential markets include Spain, Portugal and Dubai, as well as the US, which is showing positive signs of recovery.
 
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