Owning your own home

You are reading a single comment by @Sharkstar and its replies. Click here to read the full conversation.

•

hippy

If I wanted to buy a place overseas with a UK mortgage, what are the general points to note?
Presumably they lend less? How do they judge property value and all that jazz?

•

Sharkstar in reply to @hippy

Even if you go to a UK bank you will probably end up dealing with one of their overseas branches. If you borrow in another currency your repayments will be subject to exchange rate fluctuations. I think that’s the main thing that I would worry about, particularly now.

•

NotThamesWater in reply to @Sharkstar

There are lenders that will also package up options / swaps to hedge away exchange rate risk. At a price though.
•

NickCJ in reply to @Sharkstar

This is a good point. It makes more sense to borrow in the same currency as the property as then you get a natural hedge for the principal amount.

About

Avatar for Sharkstar @Sharkstar started