Overseas investors 'should act as if they were buying at home'
Buyers of overseas properties have been urged to follow the same procedures they would use if purchasing a home in the UK.
Jackson International advised people not to be overly influenced by their desire to improve their lifestyle abroad, as this could lead to them making some costly mistakes.
For example, the firm said that a lot of people were missold some mortgages because they thought they could pay for it with money earned from their rental income.
In addition, Jackson warned that some people were foregoing structural checks on new-build properties and assuming that they would last for a long time.
Bill Jackson, director of the company, commented: "Buying abroad is like buying here - you have to use diligence."
According to official government figures, Britons now own 250,000 overseas properties and have invested a total of £24 billion in the market.
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