Hi There

I have an existing mortgage client who now wants to buy a property in Mexico.

Is there someone out there who knows any mortgage brokers dealing with banks in Mexico?

Please e-mail me.

Thanks
Carole Bayliss
mortgagefrance.com

I don't know any UK companies that offer mortgages in Mexico, but there are a few USA companies that offer them. I believe you have to be certificated by the Mexican government to offer residential mortgages to foreign nationals.

The immediate problem I see is that because coastal and border land can only be owned under a bank trust the issueing of a mortgage on this would be a specialist thing.

If memory serves, and it is a couple of years since I was there, the US banks that do lend in Mexico require title insurance as well.

You may want to look at a company called Mexlend (can't recommend them, I only know they exist and havent dealt with them) and also search for US banks with Mexican lending facilities.

K

Hi Kirazli

Thank you for that information - I'll pass it on.

I was suprised to learn that there are some US banks that will lend in Mexico, I thought it would only be Mexican banks.

Kind Regards
Carole Bayliss
mortgagefrance.com

The USA has always been the big market for holiday property in Mexico so they got mortgage deals for foreign buyers set up first. I don't know if they can work with people from countries outside the USA but its a starting point for you.

Regards

Kirazli

Yes I deal with the major banks here in Mexico and I know all the ways of getting things down here LEGALLY!!!!!!! because there are many ways but everyone of them is a risk unless done RIGHT!!!!!