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Overseas mortgages

Arfhurdaly
Arfhurdaly Posts: 194 Forumite
in Mortgages & endowments
Hi,

I am looking to buy a property in Poland. I dont own a UK property. Can anyone recommend a company/broker i could use for a mortgage on a polish property?

Arfhurdaly

Comments

  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    A quick google has provided me with this

    http://www.property-krakow.com/mortgage.html

    You will need to use a specialist company that deals with overseas mortgages. Have a look in yell.com or google for local ones to you.

    I have no affiliation with the above link, I wasn't sure whether mortgages were available in Poland tbh but that was the first page that came up for me.

    Have a look around and do your research.
    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.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    accidental post.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Ok I've been buying abroad a few years and generally obtaining foreign finance is very difficult.

    Typically 30% of take home pay should cover ALL your debt to include the new foreign mortgage.

    Poland is not somewhere Ive invested as the population has declined some 10% in last 5 years.
    The German side of the German Polish border is a place Ive invested and the rent return is 20% plus (4 x higher than UK B2L).
    We bought blocks of flats.

    We are willing to sell some of the flats for between £15000 - £20,000 each as we want to release some capital. Cash buyers only though.
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