best way to fund house purchase in france?

danht

I have virgin one account mortgage paying 5.7% interest.
I have £5000 remaining + £5000 on 0% credit cards.
House is worth about £240,000 and I have a facility to withdraw about £72000.
I need about £80,000 to complete the purchase of a house and a bit of renovation work. The offer has been accepted. So in effect I need mortgage funds of about 90000 as all savings are in the virgin one account.
Joint post tax income of about £2800 per month - possibly will increase as wife is part time at the moment following children.
I have been very unimpressed with very limited mortgage options in France, but am impressed by rate of about 3.45% variable linked to the euribor.
This would involve considerable fees to set up of around £800 = banks + notaire fee. I would also then have to exchange pounds into euros on regular basis which won't be free and is obviously variable. Although I note that pound is about 18month low.
Alternatively I could for £75 increase facility of virgin one or remortgage completely in the UK and transfer all the funds to a french bank account and pay for it that way.
I am totally confused and would _really_ appreciate any thoughts on this.
Please help! daniel.

Faster_Loans

Hi danht,
It looks as if you could do with the money fast. We could help.
You are right to consider the effect of currencies going against you in the future.
As they say they can go down as well as up.
Regards,
Alex

MortgageMamma

Faster Loans

I suggest you change your signature as it is blatantly touting for business and against site rules. This has been reported to the forum moderators who will not doubt speak with you on this matter.