Overseas Mortgage

villa2010

Thrugelmir wrote: »

Maybe worth giving someone a call that specialises in French mortgages for some general advice. As France does differ to the UK.

Thanks - Do you know how they differ..?

Thrugelmir

villa2010 wrote: »

any one know of any french mortgage brokers that speak English I am embarrassed:beer: to say my French is limited...!

Try a French bank with a UK operation.

The_J

I have seen Conti Financial Services bandied about on here before as someone to speak to about overseas mortgages. Give them a call.

villa2010

If you raised £ 50 000 in cash do you think that you would be able to get a decent mortgage?

Also has any one got any experince of renting out holiday homes for example how much agency fees are there how many weeks of the yaer would you be able to rent it out for?

Thrugelmir

villa2010 wrote: »

Also has any one got any experince of renting out holiday homes for example how much agency fees are there how many weeks of the yaer would you be able to rent it out for?

Try the House Renting board with this question.

villa2010

Thrugelmir wrote: »

Try the House Renting board with this question.

Cool - do you know where abouts this is...?

villa2010

what do people think might be the disadvantages?

Thrugelmir

Link for you.

http://forums.moneysavingexpert.com/forumdisplay.php?f=16

Conrad

villa2010 wrote: »

what do people think might be the disadvantages?

Lots of stakeholders will be fraught with problems. People are all individuals and you nwill find things go awry when one suddenly wants out / falls ill / gets married etc etc etc etc etc.

Also co - ordination is awkward. You will find some stakeholders respond to group issues / matters promptly whereas others leisurly go about thiuer lives before troubling themsleves to respond for example on agreeing the cost to fix a boiler 5 years from now.

Investment wise not really very good. This is a LIFESTYLE purchase, not a sound investment.
I am buying a villa abroad but it took a long time to find one capable of being investment grade material. First off you need year round rent if the thing is to stand a chance of being an investment. People misunderstand what 'investment' means.

villa2010

Conrad wrote: »

Lots of stakeholders will be fraught with problems. People are all individuals and you nwill find things go awry when one suddenly wants out / falls ill / gets married etc etc etc etc etc.

Also co - ordination is awkward. You will find some stakeholders respond to group issues / matters promptly whereas others leisurly go about thiuer lives before troubling themsleves to respond for example on agreeing the cost to fix a boiler 5 years from now.

Investment wise not really very good. This is a LIFESTYLE purchase, not a sound investment.
I am buying a villa abroad but it took a long time to find one capable of being investment grade material. First off you need year round rent if the thing is to stand a chance of being an investment. People misunderstand what 'investment' means.

Good post - I think we would primarily be looking for the property to be a family home first if its able to get any financial return through letting then that would be a bonus.

Could you reccommend any mortgage lenders that would be able to give some quotes?