Does anyone know of a bank that is currently offering 80% mortgages to non-residents?
I think the maximum they'll let a non-resident borrow is 70% I'm afraid.
I believe in some extreme cases they will lend 75% if it is guaranteed by a resident. But the resident has to be of very high standing and of a very sound financial position.
Try contacting an agent such as International Mortage Solutions. They'll guide you.
The banks and lenders are very cautious at the moment. And understandably so.
In my opinion though, it's killing the housing market.
Including taxes and fees people have to find over 40% of the purchase price in cash. That's quite a hefty chunk of change to find. Even for a fairly modest apartment.
Thanks for the replies.