Property Purchase Finance

Financing your property in Spain or any other Euro based country can be a complex activity. Currency fluctuation between the Euro and British pound. Interest rate differences between the two currency areas. Whether to go for a floating, tracker or fixed rate mortgage over 10, 15, 20 or 25 years. Whether to opt for a traditional repayment mortgage or take out an interest only mortgage with an accompanying investment based repayment vehicle. One option is to go for equity wihdrawal from your UK property and finance from the UK. This means your UK based costs are known. An alternative is arrange finance in the destination country, where, particularly in Europe, interest rates tend to be lower.

To make sure you get the best advice consult as widely as possible. To read comment on UK financial services markets, including mortgages, loans and savings read the UK money blog.

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