Buying a property overseas is a life-long dream for many people looking for sun, relaxation - and perhaps a place to retire. Some will plan on basing themselves abroad for a few months of the year while others will want to relocate permanently. Many will pick spots on the Continent though some will venture further afield. Whatever you decide, unless you plan carefully those dreams of owning a place in the sun could soon turn into a nightmare. Here are some of the potential problems and pitfalls you need to be aware of.
Revealed: Where the Bank of Mum and Dad pays out the most to help children climb the property ladder
Parents helping their children onto the housing ladder are forking out an average of £18,000. But figures from L&G; and the CEBR highlight the big discrepancy in handouts across the country - triggered by major differences in house prices.Sums range from an average £10,800 in Scotland and £12,000 in the North East, to £21,700 in the South East and £30,600 in London
Fastest places to sell a £1m home revealed: Property millionaires in Cambridge sell up in the shortest time
Cambridge is home to the fastest moving property market in the country when it comes to properties on sale for £1million or more, new findings reveal. With buyers facing hefty asking prices, stamp duty charges and other taxes and fees, shifting a home for £1million or more can be tough. But in areas like Cambridge, Edinburgh and Bristol, sellers face less of an uphill struggle.
Property market continues to lose steam as average UK house price falls 0.2% in May, says Nationwide
After years of penalising older borrowers, now banks launch mortgages you can take to the GRAVE
Older borrowers are for the first time being offered mortgages that they can take to the grave. In a move to help retired people stay in their homes, Hodge Lifetime has launched a new interest-only loan for over 55s which lets them keep borrowing until they die. Nationwide, Britain's biggest lender, has also revealed plans to launch an interest-only mortgage that will allow homeowners to borrow into later life - and experts say that more firms will soon follow suit.
'Ill health did not stop us getting a loan': Whatever your credit score, follow our reassuring guide through the mortgage minefield
With mortgage rates still at an all-time low, securing an affordable home loan should be easy. But many borrowers still face obstacles - from the self-employed, those with poor credit records to first-time buyers. Black marks on a credit record caused by ill health or job loss can also scupper a mortgage application. This prospect faced 43-year-old Louise Forshaw (pictured with husband Gavin Naylor) from Preston, Lancashire. She was diagnosed with breast cancer four years ago which meant Gavin temporarily gave up work as a joiner to care for her.
'Halifax knocked £12,000 off my flat': Beware danger signs for house prices, with valuations cut and a twist on 100% mortgages
Lee McIntosh's North London flat was valued at £290,000 in 2015 by Halifax, and in theory since then prices are up 15%. But when he went to remortgage, the bank said it was only worth £278,000. He is one of the increasing number suffering down valuations and as asking prices are cut and big mortgages return are there red lights flashing for the property market?
New mortgage offers a lifeline to pensioners stuck with interest-only debts that they can't pay off
Challenger bank Aldermore has launched the first deal allowing retired borrowers to remortgage their interest-only loan when it comes to an end. Borrowers aged between 55 and 85 can now apply for an interest-only mortgage - either to release a bit of equity from their property to pass on to kids or grandchildren or, uniquely, to remortgage an existing interest-only debt.
How to find the best mortgage rate for you: Five steps to save money on your home loan
Hundreds of thousands of mortgage borrowers are throwing away £1.15 billion a year because they unwittingly sign up for the wrong deals, a major report has revealed. Some of these homeowners are even shopping around using an independent broker or price comparison website - but still fail to find the cheapest mortgage.
Interest-only mortgage crisis: Retired couple Len and Val never missed a mortgage payment - but now they face losing their home
The Fitzgeralds, both 76, have invested many hours redecorating and improving their two-bedroom property to turn it into a quiet retirement haven for themselves and their beloved dog, Millie. But now the couple, who have never missed a mortgage payment, are being taken to court for an eviction hearing by their bank, Santander.
How expensive are homes near you? Official figures reveal properties now cost 7.8 times wages - this map lets you check your area
House prices rising faster than wages meant 'housing affordability significantly worsened' in England last year, the ONS said today. The figures emerged in a report that laid bare the effect of two decades of house price inflation on workers' ability to buy a home. An interactive map using house price and local wage data since 1997 allows people to look up what has happened near them.
Borrow till you drop! SIMON LAMBERT on the new wave of interest-only mortgages to let pensioners cash in... or help their kids
A loosening of the rules to allow interest-only mortgage lending into retirement will make it easier to tap into a home's value. On one hand it's another element of the disturbing financialisation of our homes, but who would deny someone a more enjoyable retirement, or the chance to help their children buy homes while they can still come round for dinner?
I'm moving in with my boyfriend and want to let my flat but I'm in the middle of a five-year fix mortgage - can I do it?
Three years ago I bought my first flat which is a one-bedroom in zone 4 in London. I have just decided to move in with my boyfriend in his flat but want to keep hold of mine. I took a five-year fixed rate when I bought the flat so I have two years left to go. I think I am allowed to get permission from my lender to rent it out though? How do I do this and are there any risks I need to consider?
How to remortgage your Help to Buy: We take you through the options as experts warn of a ticking timebomb
While there were 23 lenders willing to provide a mortgage to those buying with the aid of a Help to Buy equity loan five years ago, just 10 lenders are prepared to accept a remortgage application from borrowers looking to switch from another lender today. According to research by mortgage broker RateSwitch, this includes major institutions such as Lloyds Bank, Nationwide, NatWest and Santander.
MORTGAGES & PROPERTY ESSENTIALS
What next for mortgage rates: Lenders are starting to pull the cheapest rates, so act now if you want to snag one
Lenders have started to withdraw their cheapest mortgage deals from the market in the past week as expectations of a rise in the base rate grow. It coincides with fresh warnings from the Bank of England that it's set to hike the base rate again, possibly in May, which is pushing market rates up now.
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- Would you pay extra for a new-build home? Figures reveal brand new homes cost 16% more than existing properties
- Interest-only mortgage crisis Retired couple Len and Val never missed a mortgage payment - but now they face losing their home
- How expensive are homes near you? Official figures reveal properties now cost 7.8 times wages - and this map lets you check your area
- Borrow till you drop! SIMON LAMBERT on the new wave of interest-only mortgages to let pensioners cash in... or help their kids
- What happens when the Nimbys battle the Yimbys? The residents at war over new homes - and a similar argument could soon arrive near you
- Moving house? Take a mortgage with you How 'porting' can save you thousands (and help you not worry about fixing)
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- House prices dipped at the start of 2018 but are up 4.9% on last year As property surges in remote corners of the UK
- Want a home for under £100k? Only one spot in Britain now has properties averaging below a six-figure sum...
- Should a tenant's rental payments appear on their credit record Asks MYRA BUTTERWORTH
- Mortgages are at their most affordable in four years But could rates drop even further?
- From a £205k Scottish farmhouse to a £50M Berkshire mansion These are currently the 10 most-viewed homes for sale in Britain
- What does £400,000 get a first-time buyer in the capital? Sarah Beeny heads to south west London to pick her bargain property of the month
- We have one year left on our five-year fix but we're afraid mortgage rates will go up Is it worth paying £2k to get out and remortgage to a cheap deal now?
- What next for mortgage rates Lenders are starting to pull the cheapest rates, so act now if you want to snag one
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- Does Britain have a downsizing crisis? More than half a million pensioners want a smaller home but can't find one
- House prices are rising at the slowest pace for five years - but homes still cost £10,500 MORE than a year ago
- Homebuyers lose their life savings on luxury flats that were never built as millions of pounds vanish and the plots lie derelict
- Online estate agent Purplebricks ordered to come clean about fees buried in small print
- Single first-time buyers need over a decade to raise a deposit - and for Londoners it could take 17 years
- Renters will pay a MILLION pounds more than homeowners over the course of a lifetime - and we reveal where tenants are worst off
- Property asking prices hit a fresh record of £310,000, as sellers cash in on buyers hunting limited homes for sale in the North
- How to avoid the pitfalls of buying a home abroad: From legal wrangles to currency worries, the eight things you must consider
- From setting up a home reversion plan to booking a lifetime mortgage: The key to unlocking cash from your home revealed
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DON'T MISS: PROPERTY
- Is this the most luxurious new-build on the British property market? The £17M Surrey mansion includes a ballroom that turns into a swimming pool and a car turntable in the garage
- Luxury flats with swimming pools on every BALCONY costing up to £2m MailOnline Property's Myra Butterworth was given a tour of the luxury flats in Vietnam
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These are the most popular homes for sale in Britain
They range from a £205k Scottish farmhouse to a £50M Berkshire mansion - What does £400,000 get a first-time buyer in the capital? TV's Sarah Beeny heads to south west London to pick her bargain property of the month
- Fancy living in your own luxurious ski chalet? This £8M property in the French Alps resort of Val-d'Isère has an indoor garden, glass bridge and climbing wall
- Is building upwards the answer to Britain's housing crisis? There's space for 41,000 new homes on the ROOFS of existing properties in London
- Do you live in one of the 50 best places in Britain? The district of Hart - in Hampshire - which includes the town of Fleet, is named the best place to live place
- PROPERTY CLINIC: Can I use the Rent a Room scheme to help fund my new home if I buy with a Help to Buy Isa? We ask a top mortgage expert for his view
- Castles fit for a princess! Top 10 homes for sale that boast turrets (including one that is on the market for the first time in 300 years)
- Bitcoin Bay! Idyllic 13-acre plot on a Caribbean island for sale at £5.3M But the owners will only accept Bitcoin as payment (and are refusing cash)
- How your home can make you £1,000 a month: Consider renting out your spare room, driveway or even your living room
- Britain's housing crisis isn't a lack of homes... ...it's not having enough places where people want to live, says MYRA BUTTERWORTH
- Could landlords be offered tax relief for offering longer-term tenancies? Perks could include clawing back tax relief that's currently being withdrawn
- Could your gran's old sideboard, sofa or dining table be worth thousands? Sixties and Seventies furniture is making a comeback - and its value is rocketing
- What can a first-time buyer afford around the UK? We reveal what the average £165k budget buys - from a boat in London to a three-bed in Wales
- If money really was no object...the world's most expensive homes for sale revealed Fancy a 7-bed villa in Thailand or a mansion on Australia's Great Barrier Reef?
- A convenient house price rise This converted public toilet in Surrey was sold last year after being marketed for sale with an asking price of £285k - and today it is for sale for £330k
- Fancy living next to The Hoff? Here's your chance... The Baywatch star has bought a new home on tropical island Gili Meno and a neighbouring property is for sale