Mortgage for a property abroad..?

webdevil

Hi.

We are in the process of buying a property in Greece. We have found a bank in Greece willing to consider us for a mortgage - but then our UK bank wants to charge us £25 per month to transfer the mortgage payment... and that is manually each month. Poor!

Can anyone advise us of a UK bank that can offer us a better approach - OR - a UK bank that will offer mortgages for properties in Greece?

Thank you.

Typhoon2000

You can open a Citibank account here and in Greece and transfer money between your account online for no fee (standard bank exchange rate applies).

Thrugelmir

webdevil wrote: »

Hi.

We are in the process of buying a property in Greece. We have found a bank in Greece willing to consider us for a mortgage - but then our UK bank wants to charge us £25 per month to transfer the mortgage payment... and that is manually each month. Poor!

Can anyone advise us of a UK bank that can offer us a better approach - OR - a UK bank that will offer mortgages for properties in Greece?

Thank you.

Try the Bank Accounts forum for advice. As there's more than likely to be a cheaper method of cash transfer.

International money transfers are never cheap, sometimes not even very fast. So maybe more cost effective to transfer cash in sizable amounts than on a monthly basis.