NoRegretsCoyote
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Risk weighted assets. Plus it's a tiny market.What is going on?
Bankers are as incompetent now as they were then.
I get this. And I don't.Risk weighted assets. Plus it's a tiny market.
Did he check whether he can get a mortgage from a Belgian bank? Some continental banks offer mortages for properties in other countries. No harm in asking.
I'll be honest here; I'm really not close enough to the detail. And a little knowledge is a dangerous thing!At what point do banks start updating their models?
It's a BTL. You appoint a receiver and collect the rent. Then sell the property and pay off the loan.There is a more straightforward answer - what does the bank do if the borrower stops paying?
You appoint a receiver and collect the rent. Then sell the property and pay off the loan.
It's not like the borrower can move the house to Belgium.
Hi Brendan,Red - are you saying that an Irish bank will charge the same rate on a buy to let, whether the borrower lives in Dublin or Brussels?
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