Lenders in this environment are applying more in-depth scrutiny than ever, when seeking assurances that overseas purchases and vendors are legally compliant.
For example, lenders will now only deal with certain Notaires and Panel Lawyers. If you have the wrong legal representation, your approval / funding may be withdrawn at the last minute. Lenders prefer to deal with trustworthy, reliable vendors experienced in the procurement of sound overseas property and if your vendor is not legally compliant, funding may also be withdrawn at the last minute.
These are just a few examples of how any inexperienced purchasers fail to complete overseas transactions jeopardizing their deposit.