buying property

[emma]

Happy new year to you all! My husband and I both live in UK and we are talking about buying a house in Bizerte. Whilst we were there in november my husband went to the bank with his father to get info bout mortgages. They told him that only he would be able to do this as its for Tunisians only. Is this correct?
Thanks ,emma x

[Essem]

Hi Emma

Is your husband Tunisian and has he been told that the mortgage could only be in his name, not yours?? Or are you UK citizens wanting to buy in Tunisia with a mortgage?

The majority of British people I know who own property here have bought with money transferred from the UK. They've either had capital set aside or remortgages properties bak home to allow them to do it.

[emma]

hi sorry I should have said ,my husband is Tunisian living here in uk and im a british citizen.He said it could only be in his name for this reason. cheersx

[Essem]

I'd imagine it probably is correct then but when either Kris or Nobody c ome on I'm surethey'll be able to add more info than I can on this one.

So if you want it in your name too, best to organise funds from UK side.

You have to think of the long term here. If it is the case that with a Tunisian mortgage it can only be in your hubby's name then you probably won't have any rights on the property should anything untoward happen - again I assume you will be contributing to a Tunisian mortgage should you decide to go down that route.

I know of one couple, she remortgaged her home in the UK to buy in Tunisia. she was told thast it could only be in his name (not true as it turns out!) and now they are no longer together, he has the Tn property all bought and paid for and she can't do much about it (still waiting to hear outcome).

[FoxyRoxie89]

Originally Posted by Essem

I'd imagine it probably is correct then but when either Kris or Nobody c ome on I'm surethey'll be able to add more info than I can on this one.

So if you want it in your name too, best to organise funds from UK side.

You have to think of the long term here. If it is the case that with a Tunisian mortgage it can only be in your hubby's name then you probably won't have any rights on the property should anything untoward happen - again I assume you will be contributing to a Tunisian mortgage should you decide to go down that route.

I know of one couple, she remortgaged her home in the UK to buy in Tunisia. she was told thast it could only be in his name (not true as it turns out!) and now they are no longer together, he has the Tn property all bought and paid for and she can't do much about it (still waiting to hear outcome).

I hate hearing stories like this grr

[emma]

Thanks Essem, thats so sad. Its not that I don't trust him but your so right you have to think of the future . Who knows what will happen? You read so many horror stories on t.com think its makes people more aware of thingsx

[Essem]

Absolutely Emma - always look at the big picture.

I know I sometimes sound cynical. I've seen and heard a lot of heartbreaking stories here many involving foreign women 'losing' large amounts of money. It's not only all about trust (!) but you have to be realistic. I'm not saying to create probelms before they arise but look into every possibility and get things the way you want them. Make sure you're future is secure - 'cos when it gets down to money and possessions, love goes out the window!

Tunisia.com has been a godsend for many - it is an awareness thing - people can take the info on board or not, but they can't ever say they didn't know!

[aljaye]

Originally Posted by Essem

Absolutely Emma - always look at the big picture.

I know I sometimes sound cynical. I've seen and heard a lot of heartbreaking stories here many involving foreign women 'losing' large amounts of money. It's not only all about trust (!) but you have to be realistic. I'm not saying to create probelms before they arise but look into every possibility and get things the way you want them. Make sure you're future is secure - 'cos when it gets down to money and possessions, love goes out the window!

Tunisia.com has been a godsend for many - it is an awareness thing - people can take the info on board or not, but they can't ever say they didn't know!

I agree, Im already thinking like this..I wont buy in Tunisia until I can have things with my name on it and I certainly wont be remortgaging anything! Any long term rentals will be made with my name on as well! I have helped my boy with the rent in the past but that has suited me as I've had two lovely weeks in a two bedroom apartment ten mins from the beach and I treat it like a home from home! So there was a means to me end so to speak!

[emma]

Thanks Essem your so right. There is no way I would go ahead with this without my name being on property, its just not worth taking that risk. Thanks for your advice, maybe kris will beable to advise me on the ins and outs later. x

[Dolly]

I just remembered - my husband and I (me foreign, he Tunisie) have just bought some land from a family member. The notaire is now organising the contract of sale and associated documents and the sale is in both of our names. It is joint property so it can absolutely be done. I'm not sure about mortgages though. But I'm at our bank in the morning and I can check. To be honest - I think they prefer to have the foreigner as the mortgagee rather than the Tunisian??? LOL