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Foreign Property

  • 02-03-2007 8:56pm
    #1
    aido123
    Registered Users, Registered Users 2 Posts: 84 ✭✭


    Hi all,
    i am thinking of buying a holiday home in Europe somewhere. I am wondering what kind of financial options could i consider. I have a VERY small deposit (5k) but i have a good income - could one get a mortgage/loan for something like this?

    Anyone been in a similar position?


Comments

  • #2
    Carpenter
    Registered Users, Registered Users 2 Posts: 2,683 ✭✭✭Carpenter


    Yes i was and turkey is where i bought
    1500 sq feet 100k :D pm me and i will let you know the story (best thing i ever did to)


  • #3
    Victor
    Registered Users, Registered Users 2 Posts: 78,577 ✭✭✭✭Victor


    Carpenter wrote:
    Yes i was and turkey is where i bought
    1500 sq feet 100k :D pm me and i will let you know the story (best thing i ever did to)
    If it sounds too good to be true, it probably is.


  • #4
    Supercell
    Registered Users, Registered Users 2 Posts: 15,543 ✭✭✭✭Supercell


    Carpenter wrote:
    Yes i was and turkey is where i bought
    1500 sq feet 100k :D pm me and i will let you know the story (best thing i ever did to)

    Carpenter how did you get a mortgage for the foreign property?
    Thought that Irish banks would be very reluctant to give loans for such an investment if you dont have it secured against another property here?

    I was toying with the idea of buying a house to retire to in the Alps myself which would cost a fraction of a house here and wouldn't have to worry about paying rent, but gave up on the idea as friends advised the banks wouldn't consider loaning to me given I don't have property here to secure it against.
    https://www.loughlinstown.ie/

    Have a weather station?, why not join the Ireland Weather Network - http://irelandweather.eu/



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