Overseas Borrowers

At BBS Law our Secured Lending solicitors are here to help those lending and borrowing overseas.

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Overseas Borrowing

Borrowing money from overseas banks is a common practice, but there are a range of complexities that come along with it whether you’re the borrower or lender, meaning having a secured lending solicitor on your side is vital for a smooth process.

The Legality of Overseas Borrowing

Overseas Borrowing refers to the individuals or entities located outside the UK who borrow money or obtain financial services from UK-based financial means. This could involve the likes of mortgages or other financial transactions where the borrower is situated in a foreign country.

With the rise in popularity of investing in UK property, you may be a foreign borrower or foreign national who is wondering ‘can I borrow money to buy property overseas?’

In short, yes – but like any borrow, legality is a staple part of the process and an overseas instance is no exception.

For this reason, at BBS Law our Secured Lending team has an array of legal experience and expertise that helps you secure the opportunity.

Why You Need a Solicitor for Overseas Borrowing Cases

When engaging in overseas borrowing, navigating the legal landscape of another country can be complex due to differing laws, regulations, and legal systems. Each country has its own framework governing property purchases, financial agreements thus, ensuring compliance with these local laws is crucial.

A competent secured lending solicitor like our team at BBS Law can guide you through this process, ensuring that all legal requirements are met and reducing the risk of future disputes.

They also perform due diligence by verifying the legitimacy of lenders, reviewing contracts, and identifying potential risks. Cross-border contracts, which are often involved in overseas borrowing, can be particularly complicated as they may be governed by unfamiliar legal systems.

A solicitor will review and draft these agreements to ensure the terms are clear, fair, and enforceable in both jurisdictions. Furthermore, if these documents are in a foreign language, a solicitor could help translate or clarify them, ensuring you fully understand the terms and avoiding any misunderstandings or hidden clauses that could lead to complications later.

This combination of legal compliance, contract review, and translation support makes a solicitor’s role essential in overseas borrowing transactions.

How BBS Law Assists Overseas Borrowers

Whether you want to buy property in the UK as a foreigner, or borrow money to invest overseas you should have legal assistance by your side.

There are particular stages of overseas borrowing that may seem overwhelming and having the likes of BBS Law in your corner makes the process much more manageable during the following processes that may include, but aren’t limited to:

Jurisdiction and Governing Law: Determining which jurisdiction’s laws will govern the agreement and where disputes will be resolved. Parties often specify these details in the contract which would be overviewed by our secured lending professionals.
Regulatory Compliance: Complying with regulations and requirements in both the UK and the borrower’s home country is vital. Thus, financial institutions must ensure that they adhere to applicable laws related to lending and financial services.
Currency Exchange: Handling transactions in different currencies may involve foreign exchange regulations, and the agreement may need provisions addressing currency fluctuations and conversion.
Tax Implications: Assessing and addressing tax implications for both the lender and the borrower, considering the tax laws of both jurisdictions.
Documentation: Tailoring legal documents to accommodate the specific requirements and legal nuances of the overseas borrower’s jurisdiction.

BBS Law for Overseas Borrowing Legal Matters

At BBS Law, we ensure that you’re in safe hands; with our help you can rest assured that whether you’re the lender or the borrower we can help you with every step when it comes to the legal side of things – from documentation to closing the deal.

Get in touch with us to find out how you can have the right legal team on your side.

Secured Lending Partners

Frequently Asked Questions

Do I need to provide collateral for an overseas loan?

The requirement for collateral depends on the type of borrowing and the lender’s policies. Mortgages often involve the property as collateral, while unsecured personal borrowing may not require specific assets.

Can I repay the loan in my home currency?

The ability to repay in your home currency may depend on the terms negotiated with the lender. Currency exchange rates and associated fees should be considered in such arrangements.

How can I protect myself from currency exchange fluctuations?

Borrowers can explore options such as fixed-rate products or financial instruments to hedge against currency fluctuations. Discussing these concerns with the lender and our team of secured lending solicitors is important so you can make an informed decision.

Our Secured Lending Partners

We take the time to get to know our clients and their businesses, and we work collaboratively with them to achieve their goals.

Meet Our Teams

Avi BarrPartner

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Robert RosenbergPartner

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Safiyah Bhaiyat Partner

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Worked with Avi and Matthew on many transactions and they never fail to deliver. Their service, knowledge and expertise is 2nd to none but their proactive approach sets them apart. Delighted to work with them time and time again.

Meir

After appointing BBS I was introduced to Kelly and Safiyah who would be looking after my property sale. I was impressed with them every step of the way, they kept me informed, avoided some potential issues and were thoroughly professional. What I like the most was the personable way they dealt with the matter, very attentive and always on hand to move things forward. A real pleasure to deal with thank you both.

Sean

Avi, Safiyah & Kelly have dealt with a number of transactions for me over the past few years. Their attention to detail is incredible. They are a hard working team who will ensure you get the deal done without any fuss. Emails get replied to, matters get dealt with swiftly and i was kept in the loop the whole time. If you would like to get the deal done in good time and with professionalism then look no further! I would highly recommend them and look forward to doing more business with them all in the near future.

Josh

We are delighted to be working with BBS Law on our Bridging Loans. Avi Barr and his team provide a highly efficient service which is appreciated by us and our borrowers. Whether we are working on single buy to let properties or more complex loan scenarios we are always confident of the BBS team's ability to deliver a result focussed on our requirements and objectives.

Anthony Bodenstein, Founder & Managing Partner of Whitehall Capital

Secured Lending Case Studies

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Achieving Unconditional Exchange on a Consented Development for 33 New Homes in West Byfleet, Surrey

Introduction We are thrilled to share the success story of our Property Partners, Avi Barr and Safiyah Bhaiyat, who were instrumental in achieving an unconditional exchange on behalf of our developer client on a consented development of 33 new homes in the beautiful…

Secured Lending

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Podcast

Overseas Borrowers

Overseas Borrowing

The Legality of Overseas Borrowing

Why You Need a Solicitor for Overseas Borrowing Cases

How BBS Law Assists Overseas Borrowers

BBS Law for Overseas Borrowing Legal Matters

Secured Lending Partners

Frequently Asked Questions

Do I need to provide collateral for an overseas loan?

Can I repay the loan in my home currency?

How can I protect myself from currency exchange fluctuations?

Our Secured Lending Partners

Meir

Sean

Josh

Anthony Bodenstein, Founder & Managing Partner of Whitehall Capital

Secured Lending Case Studies

Achieving Unconditional Exchange on a Consented Development for 33 New Homes in West Byfleet, Surrey

Secured Lending

Avi Barr, Head of Secured Lending, Talks Property Finance 🎙️

BBS Law Facilitates £2.275M Loan

The Bank of Mum and Dad: Legal Pitfalls and Precautions

Fixed Charge Receivers: Everything You Need to Know

Save on SDLT: Exploring ‘Non-Residential’ Elements in Property Purchases

Achieving Unconditional Exchange on a Consented Development for 33 New Homes in West Byfleet, Surrey