MichaelDes
Registered User
- Messages
- 431
I am selling my primary residence in England and it will make good profit. But there is €85,000 left on the mortgage [Bought in years ago at 70p]. With the sterling received, am I better to
(i) Bite the bullet do the transaction back to €uros and take the hit? Now gone through the 77.8p or €1.30 barrier!
or
(ii) Seek some sort of €uro loan and wait out the differential normalising.
I could invest the Sterling in a 6.2% account and drip feed per month towards the other loan, until sterling improves. All advise appreciated. The sale has been agreed and the completion will take at least another 6/8 weeks?
(i) Bite the bullet do the transaction back to €uros and take the hit? Now gone through the 77.8p or €1.30 barrier!
or
(ii) Seek some sort of €uro loan and wait out the differential normalising.
I could invest the Sterling in a 6.2% account and drip feed per month towards the other loan, until sterling improves. All advise appreciated. The sale has been agreed and the completion will take at least another 6/8 weeks?