Mortgage question

[exelero]

Long story short, do British banks give mortgage for properties outside the UK?

[Sarnie]

Short answer, no.

[exelero]

that's no good


Thing is, a house in Hungary costs about 60k and it has like 6 bedrooms, that was the reason for the question.

[James_B]

exelero said:

that's no good


Thing is, a house in Hungary costs about 60k and it has like 6 bedrooms, that was the reason for the question.

Then buy it for cash or take a mortgage in HUF.

[Welshbeef]

James_B said:

Then buy it for cash or take a mortgage in HUF.

When we boylught overseas it was such a faff to open bank accounts and then to get a mortgage - but the mortgage rates were MUcH higher than the U.K. as such we simply took cash out of the U.K. property and paid cash for it.