Conti Financial has called for a mandatory 14-day cooling off period on all overseas deals.
Simon Conn, managing director of Conti Financial, says: “I believe there should be a mandatory 14-day cooling off period where all international property deals are concerned.
“Too many people run into these deals like headless chickens, without thinking anything through. People only get one shot at this and these deals are their life-long dreams. So let them come home, stop, think and talk to an independent adviser.
“Many countries have different laws and different demands that should all be taken into account before signing anything.”