Exchange Controls

Investors who are resident in a country where exchange controls may be in force must satisfy themselves that they have complied with any regulations which may govern the movement of funds offshore.

Where territories permit individuals to join together and use their combined allowances to meet set up costs and the deposit, it should not be overlooked that this could have an effect on the legal title of ownership.

The balance required to purchase the property can be met through other borrowings, not restricted to UK borrowings, and if structured correctly, the full amount of the loan interest paid will be allowable against rental income.