Raise on a Mortgage in the UK for Abroad Purchase

Posted on 10 June 2015 by Dunn

We own our house value approx £375,000 want to raise a mortgage to buy a second home in France and require approx £100,000.

Hi Dunn,

Subject to the usual caveat over meeting lenders affordability and having a clean credit profile, I can't see any reason why you shouldn't be able to do this. The loan to value is good, and in the main, lenders won't have a problem with you using the funds to buy a property in France.

If you want to know more about what's available to you, then please let me know and I'll arrange a convenient time for you to speak to one of our consultants.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.


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