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    • Trunks1983
    • By Trunks1983 18th Sep 19, 1:36 AM
    • 20Posts
    • 2Thanks
    Trunks1983
    UK mortgage when having overseas mortgage
    • #1
    • 18th Sep 19, 1:36 AM
    UK mortgage when having overseas mortgage 18th Sep 19 at 1:36 AM
    Hello,

    3 years ago, I have bought a property in France (20 years fix rate) and then moved to UK.
    My rent cover the french mortgage.
    I consider to buy a property here.
    How does my french mortgage is taken into account for a new UK mortgage?

    Thanks
Page 1
    • foxy-stoat
    • By foxy-stoat 18th Sep 19, 11:07 AM
    • 5,115 Posts
    • 3,067 Thanks
    foxy-stoat
    • #2
    • 18th Sep 19, 11:07 AM
    • #2
    • 18th Sep 19, 11:07 AM
    Your french mortgage will be assessed in your affordability, you will also have to pay additional stamp duty as well.
    • Trunks1983
    • By Trunks1983 18th Sep 19, 1:20 PM
    • 20 Posts
    • 2 Thanks
    Trunks1983
    • #3
    • 18th Sep 19, 1:20 PM
    • #3
    • 18th Sep 19, 1:20 PM
    For the stamp duty, I knew.
    Do you know how it is assessed?
    It would help me to estimate how much I would be able to borrow.
    • foxy-stoat
    • By foxy-stoat 18th Sep 19, 4:22 PM
    • 5,115 Posts
    • 3,067 Thanks
    foxy-stoat
    • #4
    • 18th Sep 19, 4:22 PM
    • #4
    • 18th Sep 19, 4:22 PM
    Just go onto any mortgage website and plug in the figures for your existing mortgage and see what number it spits out.

    It will be assessed as a monthly outgoing on your salary.
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