To many people, buying property abroad with enough planning can be a worthy investment, along with the added perks of holidaying there yourself. People who take out an overseas mortgage in order to fund their property investment dreams should be aware of the fact that the strength of the pound can go down as well as up, meaning you could be caught out if you are not prepared.

On some occasions it has dropped a little over 10% in a relatively short time period. This means that investors will face a 10% increase on their monthly mortgage payments. This may not be a problem for the investors who are able to dip a little into their budget, but for some; who have scraped together just enough money to purchase their property will find themselves really stuck and may be subject to having their homes repossessed if they fail to keep up with the monthly overseas mortgage payments.

Seeking professional advice is essential and highly recommended when buying a property abroad and drawing up a mortgage agreement. You will need to know what risks there are and if you could be subject to them.

Experts say that property investors ought to consider "potential currency inflation risks" when financing their purchase.

"In relation to an overseas property purchase, this simply means that the sterling cost of an overseas property changes due to fluctuations in the rate of exchange between sterling and the currency in which the price of the property has to be paid".

When sorting out your overseas mortgage you need to make sure you find the best mortgage deal by obtaining quotes from numerous providers, you may be best using a company who specialise in overseas mortgages rather a company who offer others e.g.

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