How should I raise £80,000 for an investment property in Italy?

Posted on 19 November 2007

We bought an old property in Italy in 2003, renovated and added a new extension. Its currently valued at 250,000 Euros but no mortgage, and we would like to repeat the process with another property. We have the contacts and experience now what is the best way of raising £80,000. We have a property in the UK worth around £250,000 with a £60,000 mortgage.

You can raise the money on your property here using a conventional remortgage to capital raise, or by borrowing off your existing lender if you income/the rent allows.
 
Alternatively, you can mortgage the Italian house. For European mortgages try Conti Financial.

Category: Buying abroad, Foreign Currency or foreign tracking rate mortgages

 

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