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overseas mortgaging
burrell8nhp
Posts: 3 Newbie
Hello,
Does anyone know if it's possible to take out an overseas morgage to fund a UK property? Taking advantage of lower interest rates.
Does anyone know if it's possible to take out an overseas morgage to fund a UK property? Taking advantage of lower interest rates.
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Comments
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Just to add, I have googled for this, but I only seem to get results from the search If I want to buy abroad, which I do not. Any ideas please?0
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As far as I'm aware the answer is no.0
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Well, according to this article this is/was possible, but very risky.
You would be speculating on exchange rates as well as property prices.0 -
As far as I'm aware the answer is no.
think you are right. It has been possible to do dollar and swiss france ones in the past, but those days are long goneI am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Ok thank you, I was thinking more along the lines of if it was possible to borrow from the US, due to it's lower rates, I guess that it's not possible.0
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