Can I borrow money to buy property overseas?
Hi all you property hungry seekers out there!
I want to invest in buy-to-let property overseas but the problem is that I gonna have to borrow money for it. Is it possible to get a loan or a mortgage to buy property overseas? Few details follow: I am UK resident, EU passport, amount to borrow-about GBP 100 000. I rent in the UK but own a flat in other EU country. Possible countries to buy: Mexico, Portugal, USA.
Thanx a lot!
I reside in the US and have a property overseas that I want to refinance.
The current mortgage is with a bank in that country.
I would like to refinance with a US bank, as interest rates are lower here. Is there a bank in the US that will lend for overseas properties?