We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buying property abroad mortgage dilemma
snoozer
Posts: 3,821 Forumite
We are intending to buy an apartment in Austria.
My question is this, we have sufficient equity in our home to increase our mortgage and then pay cash for the Austrian property. Would this be better than getting a mortgage on the property itself, bearing in mind that it will be rented out for some of the time?
My question is this, we have sufficient equity in our home to increase our mortgage and then pay cash for the Austrian property. Would this be better than getting a mortgage on the property itself, bearing in mind that it will be rented out for some of the time?
0
Comments
-
Doing it this way normally makes the whole process a lot easier and quicker as you do not have to get involved in foreign mortgage scenarios.
However each client is different and some may want to take out a mortgage in AustriaI 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards