Financing the overseas property

M

max

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In which countries are Irish banks willing to finance overseas investment in second homes?
 
Most countries, but it helps if you've a place here to begin with.
 
FOr UK properties what are the mortgage options? Apart from IIB, Capital Home loans.(IL&P)
 
I'm not sure, trying to find out.

Basically will an Irish bank give you a mortgage if you are investing in a home anywhere outside of the country?
 
Not on the investment property only as equity release on your own home
 
And would you need to have a steady income or would they give it to you if you didn't have a job, just remortgaged your existing home?
 
You would need to show income in order to be able to repay the mortgage.
 
Securing a mortgage for purchasing an overseas property is available from some financial institutions. The mortgage would be tied to a property in Ireland. 70% of Rental Income is considered in addition to other earnings when assessing your application for funding. Also the bank stress test your ability to pay in the event of a further 2% hike in interest rates. Over the next year it seems likely that there will be at least 1% hike.
 
Has anybody had any experience in obtaining a mortgage from a bank based in the country they were investing? I'm referring here in particular to non-EU locations.
 
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