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Best interest only mortgage

bunny_3
bunny_3 Posts: 46 Forumite
in Mortgages & endowments
Hi,

Buying a property abroad, need to borrow about £50K, on a interest only mortgage, can anybody advise me on best deal around at the moment.

Thanks very much.

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Are you raising the money from the equity in an existing UK property?
    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.
  • bunny_3
    bunny_3 Posts: 46 Forumite
    Hi,

    Thanks for your reply.

    No, I'm mortgage free.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    That is good.

    Do you own a property against which you wish to raise the £50k or do you want a mortgage in the country you are looking to purchase?
    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.
  • bunny_3
    bunny_3 Posts: 46 Forumite
    Hi,

    Definitely mortgage in this country.

    Thanks.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    What is the value of the current property you own?
    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.
  • bunny_3
    bunny_3 Posts: 46 Forumite
    Between £300K-£350K.
This discussion has been closed.
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