What is an IFA and how can they help me with purchasing my property abroad?
An IFA is an Independent Financial Advisor. The ‘independent’ status means that you can rest assured that you are being given unbiased, impartial advice across all areas of your financial portfolio. They will provide advice on areas where there is potential for additional growth and also areas where you could be vulnerable. In a nutshell, by seeking advice prior to embarking on your property purchase, an IFA can assist you in two key ways. They can help you with any complicated financial enquiries and they can assist you in securing your financial future – ensuring that you preserve your assets or even increase them. When purchasing a property overseas, it is likely that you will be faced with a variety of financial options. Questions on equity release, cash flow, fluctuating interest rates, financing and re-financing alongside questions of individual, company or trust ownership, together with tax implications (Capital Gains Tax, Inheritance Tax and Income Tax) and adequate lifestyle p
