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European Morgages

What with the interest rises and future rises look to be certain this year has anyone looked into a morgage from the EU as interest rate there are a lot lower than ours??
If anyone has looked into this and know what the pitfalls or problems are maybethey could post them???
Larry:rotfl:

Comments

  • mhay_3
    mhay_3 Posts: 72 Forumite
    It would be recommended that you have sound knowledge of that particular economy, or find someone who does. a command of the native language would also help too
    I am a Mortgage Adviser

    You 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.
  • toonfish
    toonfish Posts: 1,260 Forumite
    the pitfalls are that you are gambling on not just interest rate differences but also potentially currency fluctations.

    look at the folk who got burned on the American tracker rates
    I am a Mortgage Adviser
    You 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.



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