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UK morgage lenders who lend money to buy a property aboard

House_2
House_2 Posts: 3 Newbie
in Mortgages & endowments
I'd like to buy a small flat in France - does anyone know of a UK morgage lender who will lend you money to buy abroad?

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    There are several high street lenders that could look at this for you - it will depend on your personal circumstances as to which one is best for you
    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.
  • Martinslovechild
    Martinslovechild Posts: 1,560 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Abbey offer mortgages in France, especially since they are now owned by a spanish bank since last year.

    By the way, if you borrow directly from a French lender, your loan will be based on your personal (or joint) 'net' pay, and is calculated on an affordability basis. For you to be considered by the lenders in France you total out-goings must not exceed 40% of your net monthly income.

    A simple example; If your total net monthly income is £1,000, your total out-goings must not exceed £400, you must have £600 per month to be put towards the mortgage repayments to be considered.
    Mortgage Feb 2001 - £129,000
    Mortgage July 2007 - £0
    Original Mortgage Termination Date - Nov 2018
    Mortgage Interest saved - £63790.60
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