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If there was one thing in the real estate world that always catches me by surprise it would be those “little things” that overlook that play major roles in the profit or losses associated with a Buy to Let venture. Insurance is one area that many people do not take into consideration before they purchase foreign property. For example, when you purchase property in France there are certain additional requirements that may imposed that need to be taken into consideration prior to taking out a Buy to Let mortgage. For example, in France there are requirements that a homeowner must have third party liability insurance figured. The costs of this need to be factored in with the Buy to Let mortgage rates and plugged into a Buy to Let mortgage calculator so as to see what the overall and actual costs of the mortgage will be vs. the rental income that will be paid. This was on can avoid entering into a borrowing agreement that may prove not profitable, but if the end figure is in the ‘black’ then there is no reason not to green light the project. If anything, my advice would be to perform as much due diligence as possible when purchasing foreign property so as to avoid any unforeseen problems.

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