Re: Spanish mortgages on UK properties?


"Alec McKenzie" <mckenzie@xxxxxxxxxxxxx> wrote in message
news:mckenzie-9D2F46.16372727092005@xxxxxxxxxxxxxxxxxxxx
> "Daz W" <dwicklowNOSPOO@xxxxxxxxx> wrote:
>
>> A friend of mine is buying a property in Spain with a Spanish mortgage.
>> At
>> first they were going to use a UK lender, but the interest rate is a lot
>> lower in Spain. Then I thought is it possible for a UK resident to get a
>> Spanish mortgage for a UK property? Anybody know, or even better, done
>> the
>> same?
>
> I understand there are many Euro countries from which one can
> obtain a mortgage for a UK property. Interest rates are lower
> than here. On the other hand, one would be at the mercy of
> changes in the exchange rate.

And for some countries, early redemption penalties are
extortionate. As moving house counts as a redemption,
unless you expect to be in the same house for the life of the
mortgage, what you win on the roundabouts you lose on
the swings, in the swimming pool, on the park bench.....

tim


>
> --
> Alec McKenzie
> mckenzie@xxxxxxxxxxxxx


.

Relevant Pages

  • Spanish mortgages on UK properties?
    ... A friend of mine is buying a property in Spain with a Spanish mortgage. ... first they were going to use a UK lender, but the interest rate is a lot ...
    (uk.finance)
  • Re: Spanish mortgages on UK properties?
    ... > A friend of mine is buying a property in Spain with a Spanish mortgage. ... > first they were going to use a UK lender, but the interest rate is a lot ...
    (uk.finance)