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Overseas mortgage

Options
I am looking to buy a property overseas, what are the best options with regards to overseas property mortgages?

Comments

  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    Overseas bank, in the country where the property is located.
    "You were only supposed to blow the bl**dy doors off!!"
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Depends on which country.

    What will the realistic rent be?

    What ltv are you looking at?

    Your UK income needs usualy to be such that no more than 30% is taken by your current UK debts and mortgae. They tend to want Bank statements to check for sustainability.

    Places like Bulgaria are very difficult now, afterall the the Austrian banks are being crippled by Bulgarian loans gone bad.
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