Overseas Mortgages
Mark Saines (PRO Member) Overseas Mortgages
Posted: Sep 29 06 01:41
Total Posts: 4
Users Rating: unrated

I had been intending to invest in the latest Woodlands Wroclaw development but following discussions with the 2 possibilities for mortgages published by PS it seems that my chances of getting a mortgage in Poland are slim. I have plenty of equity but by my own choice I do not always work. For the Polish market this is unacceptable. Can anyone recommend a different way of raising money for use in EE. I could have bought a flat outright but want to be able to use my equity on a number of properties in the future. Any advice would be very welcome.

Average Rating: unrated
Link to this post Reply to this post
John Small (PRO Member) Mortgages
Posted: Sep 29 06 10:05
Total Posts: 0
Users Rating: unrated

Mark, See my post on how to raise 400K in reply to Neilh. Basically you can give equity to a bank in terms of savings or investments in shares etc. Depending on the portfolio profile you shoud be able to negotiate a mortgage based on a percent of the portfolio amount. I deposited $550K and received a 400K 15 year mortgage. If all is well the portfolio will grow and the property will help pay the mortgage...well that's the theory.

Average Rating: unrated
Link to this post Reply to this post
Nick (PRO Member) Overseas Mortgage
Posted: Sep 29 06 10:22
Total Posts: 1
Users Rating: unrated

This sounds similar to my problem. I would also be interested to hear if anyone has any thoughts on this.

Also, does anyone know any motgage lenders who would accept mortgage applications from a company rather than an individual? In a ideal world I would want to have a company which owns a number of properties in EEC and all outgoings/incomings would be in company books. Does anyone know if this is achievable?

Average Rating: unrated
Link to this post Reply to this post

« Back to forum

Discounted Property for Sale
Advert Image
Advertise with Property Secrets

Property Secrets supports

Global Angels
Call Property Secrets on: +44 (0)1270 539550
Email  
Password  
Lost
password?
You are not currently receiving our FREE newsletter. Enter your email to receive yours every Friday: