How can I get a mortgage in the UK to buy property in Ukraine?
Answers:
1. If you have a UK property raise the capital against that by way of Further Advance (subject to income and equity)
2. Find a UK subsidiary of a Ukraine Bank and see if they can offer you a mortgage (don't even know if this option exists!)
3. Find a company or broker specialising in mortgages in foreign countries. The only one I Know of is Conti in Brighton (check yellow pages/Internet, not a recommendation).
As Ukraine is an up and coming nation, I think you may be saddled with the mortgage in their country route as no UK lenders I Know of offer mortgages in this country.
Best of luck.
I doubt you will et any lenders who will do what you want at a rate that is reasonable to you. Few will want to be saddled (if all goes pearshaped) with a house there in a market unfamiliar to them.
Your best bet not knowing all the details is to raise cash on your property here via a remortgage. Good luck. I am in the miffle of buying somewhere in India
Very unlikely you will achieve your goal mate.
I've lived in Poland for several years & tried to buy property with a UK mortgage 6 years ago.it wasn't possible because a) I was a foreigner b) UK banks did not want to know as the Polish bank & registry system was about as clear as mud.
Its possible now of course since they joined the EU & I imagine in a few years when the Ukraine goes through the same process as Poland it will be possible their.
Your other option is to join or set up a venture capital fund, but having seen what can happen when you 'think' you've bought property legally in Poland I advise you to be very, very careful.
Or you could re-mortgage your UK property & use that capital.
Good luck
MOST BUILDING SOCIETIES AND BANK DO HAVE FOREIGN MORTGAGE FACILITIES. BARCLAY'S BANK HAVE A VERY GOOD SERVICE
Well, the only way I would buy a porperty there is after I made sure there are no local laws there that we don't know about it. Also, some countries are funny about foreign citizens purchasing property and they come up with not-so-beneficial arrangements for foreigners. Especially if they know you are from a rich country. So you might end up paying 2 or 3 times the price for something that local citizens would. The best is to save up enough money to buy a property with cash. Buy a delapidated one and do it up over the years. Labour and materials are much cheaper there so you could slowly but surely create a nice house.
Try these sites:
http://www.moneyshark.co.uk/
http://www.mortgages.co.uk/
http://www.ukmortgagesonline.com/.
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