Foreign asset financing
Discussion
People of PH,
My wife and I are in a slightly complex situation.....
We have recently moved to the US and were planning on purchasing a vacant piece of land, with the view to build in the next 3 years or so. We would ideally like to finance this land lot as it is (to us) a significant amount to tie up in a non-performing asset for the short term.
We have looked into US based financing, and land only loans are few and far between, those that are available are very limited on the visa classification etc. and most will not lend to non-US citizens.
Does anyone know of any UK based institutions that would consider lending against a foreign asset?
The value is 165K USD, so around 100k GBP.
Thanks,
Chris
My wife and I are in a slightly complex situation.....
We have recently moved to the US and were planning on purchasing a vacant piece of land, with the view to build in the next 3 years or so. We would ideally like to finance this land lot as it is (to us) a significant amount to tie up in a non-performing asset for the short term.
We have looked into US based financing, and land only loans are few and far between, those that are available are very limited on the visa classification etc. and most will not lend to non-US citizens.
Does anyone know of any UK based institutions that would consider lending against a foreign asset?
The value is 165K USD, so around 100k GBP.
Thanks,
Chris
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