One of the biggest reasons we think it's best to get a mortgage here in the US, is that if you are renting your property out, your income will be in US dollars. Your US rental income will be paid into your US bank account, from where your mortgage payments will be deducted monthly, in US dollars. There is no exchange rate problem.

Also, the mortgage interest you pay on your US mortgage is tax deductible and is offset against your rental income. If you get your financing in the UK, your UK mortgage interest is usually not deductible on your US tax return, which can result in a taxable income of several thousand dollars a year more.

However, one advantage of raising the finances in the UK, is that you will be effectively buying your property in the US for "cash", which saves several thousand dollars on closing costs, can mean a much quicker closing and also may give you better negotiating power when making an offer to purchase.

If you plan on using your property for a vacation home more than renting it out, you may want to have a mortgage in your own country.

Dolby Properties will be happy to put you in touch with mortgage brokers in the US who handle both US mortgages and sterling mortgages.