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Help... Switch from Euro Morgage to £ (Property in Eire)
Anna_Murray
Posts: 3 Newbie
My question or predicament is:I have a Euro Mortgage for a property in Ireland (Eire). I pay by sending a monthly £ Sterling cheque to the Bank of Ireland in Eire. As the £ has weakened so much I am now paying nearly double the amount in £ Sterling to cover the monthly Euro mortgage payments. Does anyway have any advice they can offer on how I can reduce my monthly payments or get round this situation?
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Comments
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You could indeed try to change to a Sterling mortgage
There may be some lenders that will do this for you.
Do you live and England? Is the Eire property a holiday home?I 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 -
Yes - thanks for quick response... I Live in London & have a sterling mortgage for that property. The house in Ireland is a holiday home with a Euro mortgage0
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You may have some limited options then - depending on your whole scenario/circumstances
You should get in contact with a professional who could help you look into what options are available if anyI 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 -
I am a uk resident but want to buy a property in Eire on a buy to let mortgage, Someone help, PLEASE.0
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