Reply To: Re-mortgage UK property or Euros Mortgage?

#94155
Inez
Participant

Lonegroover, if you are going to release funds from your UK home then why not tie into an fx dealer as they will set a rate for you so you wont have that uncertainly.

I would speak to one of them for clarification as I am not sure how long they hold it for but I do know they will split the amount, so if you need some for a deposit and then some for completion this is covered and you know exactly what you need to pay.

If you havent found a property yet, then this will help you to decide the price you want to offer as well.

I may be wrong but I think they can forward buy and hold it for a 12 month period, but speak to a few of them to find out

This is what 2 of my buyers have done as they are going through the process now.

Good luck!!