UK mortgage for overseas property?

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masterblaster

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Hi, I have a flat in London with about 50k in equity does anyone know if its possible to get a mortgage for a property overseas such as Bulgaria etc based on the equity of my UK flat?
 
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FlexiBox

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masterblaster said:
Hi, I have a flat in London with about 50k in equity does anyone know if its possible to get a mortgage for a property overseas such as Bulgaria etc based on the equity of my UK flat?
In my experience you would be better off releasing the equity or re-mortaging the flat. A lot of these overseas property deals are tied to specifc mortgage providers.

I think it is worth taking the equity out of the UK and investing in some of these emerging markets such as property in Morocco.

Regards
Flex
 
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