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Is there something better than a Lombard Loan for a Mortgage I can't get anyways?

diosmios

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Nov 6, 2020
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Hello everyone,

I've been considering acquiring real estate property in a variety of countries recently.

Each time, I'm faced with the same challenge, I'd need to be a resident, and more: an employee, with a significant salary, to access mortgage through banks.

This does not work for me because I do not want to earn income through salary (and thus having to pay taxes on that). Additionally, I'd need to be employed for a long duration before being eligible.

In other cases, the property is a leasehold, so as a Foreigner I don't get access to mortgage at all.

So far, the best solution I found is to get a Lombard Loan (which I can get). I put the money in the bank, they lend me 50-70% LTV. Lombard comes at small % cost of course.

I'd love to hear some opinions on alternative solutions, or on why this model can be great/bad. I'm aware of the call risk.

I'll add that there is no specific scenario for the property acquisition, although in most cases it's been a property I'd like to live in.

Thank you for your ideas and perspectives!
 
Hello everyone,

I've been considering acquiring real estate property in a variety of countries recently.

Each time, I'm faced with the same challenge, I'd need to be a resident, and more: an employee, with a significant salary, to access mortgage through banks.

This does not work for me because I do not want to earn income through salary (and thus having to pay taxes on that). Additionally, I'd need to be employed for a long duration before being eligible.

In other cases, the property is a leasehold, so as a Foreigner I don't get access to mortgage at all.

So far, the best solution I found is to get a Lombard Loan (which I can get). I put the money in the bank, they lend me 50-70% LTV. Lombard comes at small % cost of course.

I'd love to hear some opinions on alternative solutions, or on why this model can be great/bad. I'm aware of the call risk.

I'll add that there is no specific scenario for the property acquisition, although in most cases it's been a property I'd like to live in.

Thank you for your ideas and perspectives!
Hi, have you considered Cyprus? It could also enable you to get the permanent residence by investment.
 

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