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Home > Business & Finance > Mortgage for Property Abroad - �40K

Mortgage for Property Abroad - �40K

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Curitiba | 14:18 Tue 24th Apr 2007 | Business & Finance
3 Answers
Hello
I'm a poor citizen that can only afford to buy my first property in Brazil. It will cost about �40K but I will not live there, it will be rented out.

My bank will only lend me the money if I decide to live there; and I can only get about �25K on a normal loan.

Does anyone know how of ANY British bank/building society that can give me a mortgage for that property?

Many thanks
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Avatar Image EverClean
Probably not a high street bank for Brazil. Speak to a reputable mortgage broker - they can work this out with you - you may be able to raise the money but usually only approx 75% of the purchase price.
16:37 Tue 24th Apr 2007
Avatar Image dzug
If you are a 'poor citizen' a high risk proposition such as this is really not for you. Steer well clear.
18:39 Tue 24th Apr 2007
Avatar Image buildersmate
On a par with investing in Bulgarian ski resorts with global warming around the corner.
20:50 Tue 24th Apr 2007

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