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The tale of the hare and tortoise buying overseas

Mortgage broker Conti Financial Services has produced a guide to help

clients avoid making classic mistakes when buying properties abroad.

The overseas mortgage broker says time and again it sees people

making the same mistakes. Partner Simon Conn says he can spot traits

– animal instincts – that categorise most buyers.

This includes buyers who are too slow to put in a bid on a property –

the tortoises. Foxes believe they are slightly more wily and cunning

and do not need lawyers to help them negotiate the contract. Conn

says these buyers often end up discovering they have no deeds or

there is a financial charge on their new home.

Hares are buyers who Conn says cannot wait to sign on the dotted line

whether they have fully understood the contract or not.

Conn says: ” I have to give most of the credit to Aesop whose fables

I plundered but there is a serious message here that it is essential

to do your homework.”

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