I’m looking to buy a property in Spain which will initially be used as a rental property and eventually as a retirement home. I’ve been looking at all the mortgage options currently available and have found a mulit currency mortgage which is very low interest and which we can protect from high currency fluctuations with an insurance policy. Does anyone have any experience of this kind of mortgage and would you advise using it?
Thanks for the advise Shakeel. I’m discovering that it really is quite a minefield trying to work out the best way of funding the property and want to make sure that I’m getting the best deal possible.
Rev, Isn’t that we all try to do & get caught out. To me there are few basics. There is no such thing as free lunch, if its too good to be true ….. etc. No point in acting smart as the system is bigger & some one before has been there.
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