Hi there, My wife and I have approx £40K to invest in a foreign property. However, our loans to value situation is such that we really could not borrow any more money against our UK property. If we wanted to buy in the UK, we would go down the BTL mortgage route. We were wondering aside of the likes of France and Spain is there any way we can borrow to buy in some of the up and coming markets in CEE. Thanks - your advice for some novices would be appreciated.

yes you can get a mortgage in most CEE countries, typically 70/30 but a higher rate is possible in places.

You certainly can borrow, but they are cautious lenders (especially in Poland) and will not take rental income into account. So there are no BTL mortgages available as yet. They will base their decision on your income and your debt, and they will want to see a credit report showing the mortgages that you have in the UK. In short - be wary. Many people on this noticeboard have had trouble raising mortgages in CEE.