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Buy to Let Mortgage... France?

Last post Tue, May 19 2009, 6:10 PM by maxsteam. 1 replies.
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  •  Tue, May 19 2009, 6:10 PM

    Re: Buy to Let Mortgage... France?

    You should approach a French bank. Unless your father is willing to raise some finance on his property, you will need a deposit.
    • Post Points: 5
  •  Tue, May 19 2009, 2:29 PM

    Buy to Let Mortgage... France?

    Hi, this is my first post so apologies if this subject has been covered - although I struggled to find relevant posts, so...

    Here are the facts:
    1) I live in a property owned by my father - therefore it is not in my name and I can't remortgage it - I pay rent of £500pcm
    2) I own a property which I rent out - there is a £70K buy to let mortgage on it - payments are £500pcm / rent is £700pcm.
    3) I want to borrow approx €150K to buy a holiday let in France.

    Here are the questions:
    1) Should I approach a french bank for a buy to let mortgage?
    2) Would any UK provider lend me money based on the above? (remortgaging a property where not resident seems impossible - particularly in the current climate)

    Any insights gratefully received - Thanks

    • Post Points: 20