Does anyone know about the lsap and can it be used to purchase proerties overseasd

Correct... although... through my work, I am aware that some service personnel have bought a UK property using LSAP; rented it out and used the rental income to buy overseas; selling the UK property (or not) when convenient to them. As long as the mortgage payments are made no-one seems to do any checks.

NB: However; whilst this does go on - I would stress that to do so knowingly on the part of an agent or mortgagebroker could land them in a great deal of hot water and the service person in deep do do too - if they are caught! In my business, if we get the merest hint that someone is doing this we drop them like a hot potato.

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