What to watch out for when buying In Florida

If you're planning to rent out your Florida home, make sure you check very carefully whether you will be allowed to. Some areas of Florida have restrictions or even outright bans on holiday renting - make sure you or your realtor (buyer's agent) double check any claims made by the seller about rental permissions.

As a foreigner buying a property for the first time in the USA, you may be required to pay your first year's home insurance in advance, plus two or three months local taxes.

Glossary of Key US Terms

Documentary Stamp - a tax on mortgage borrowing in Florida

Escrow - a procedure where you place money into a trusted third-party account until a transaction completes. Commonly used for large purchases in the USA.

Intangible Tax - a tax on mortgage borrowing in Florida

Realtor - US name for real estate agent

Title - legal ownership of a property

Loan Officer - equivalent to a mortgage consultant in the UK

Read On

• Introduction

• The Process of Buying Property in Florida

• Should I Get A UK or US Mortgage?

• Getting A Mortgage In Florida

• What to Watch Out for when Buying In Florida

• Glossary of Key US Terms

Buying Overseas Property and Mortgages for UK Citizens

Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below

Value of Property £   (eg 125000) Borrow How Much? £ (eg 92500) Your Mortgage Type    - please select - Re-Mortgage Purchase Buy to Let Overseas   First time buyer? Yes No Have you found property? Yes No Country   - please select - Andorra Australia Bahamas Barbados Belgium Belize Bulgaria BVI Cayman Islands Cyprus Canada Dutch Antilles France Greece Ireland Italy Jamaica Malta Mexico New Zealand Poland Portugal Spain St. Lucia Switzerland Trinidad & Tobago Turks & Caicos USA Other.. Sorry ! The amount you want to borrow is less than £25,000. This is the minimum allowed for a mortgage. But don't worry! You could get the money via a personal loan. I want a free no obligation loan quote Click OK No thanks. I will change my borrow amount to more than £25,000 Click Cancel