We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!

Overseas mortgage for self employed?

Hi,

Anyone on here self employed and managed to get a mortgage on an overseas property.

I'm newly self employed (last 9 months) and French banks seemingly won't even look at me until I've got 2 years worth of records.

Used to be employed in same profession (chartered accountant) but now contract - if I was applying for the mortgage when still employed 9 months ago would get it no probs.

Anyone have similar experiences and recomend any brokers worth talking to or know of any UK lenders that may be approachable.

Loan amount looking for is very small (50k) in Euros.

Thanks in advance.

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    I doubt you'd find a UK lender who would lend to a short-term self-employed person buying a property in the UK.

    So there's no chance of them doing so overseas, where it would be harder to track you down if you disappeared, would involve complying with laws in another land and would also overlay a foreign currency risk too.
  • Trollfever
    Trollfever Posts: 2,051 Forumite
    As an ACA or a FCA your high street bank should be able to help.
  • Great thanks - what high street banks will lend for French properties as a google search didn't seem to find any?!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.8K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.