Using a Foreign Property as Collateral
Answered on 9 February 2018 by Nick Morrey
I own a property abroad (within EU) but am now a UK resident and own a property here. I would like to know if I can use my foreign property as collateral against my UK property when renegotiating my mortgage.
This will depend on where the property is and how much you want to borrow. You can get a rough estimate using our how much can I borrow calculator. If a lender has operations in both countries it may be possible to arrange a bespoke deal with a private bank. If on the other hand you are looking you are looking at the UK high street lenders then I don't think it will make any difference.
I believe you would benefit from speaking to one of our independent mortgage advisers. Please call on 03304 332 927 and they will be able to look at your situation and take it from there.
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