Overseas property loan question

Gary 23

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56
Hi

Can anybody tell me if there is anyone in ireland that will lend money to buy an investment property in another country, say turkey, poland or latvia for example?

Gary
 
Each country you mentioned differs.

The one I know most about is Poland, where there is a very competitive mortgage market. Irish buyers can get non-recourse mortgages (security jjust on the property purchased, no security required over your home or another asset); there are at least 5 lenders who lend to foreign buyers; you can get up to 80% LTV, first 3 years interest only, over terms of 30 years; and you can borrow in Polish zloty, Euro or Swiss francs (at different interest rates) depending on your attitude to currency risk.

I believe Poland is the most straightforward and mature mortgage market of the ones you mentioned.

Denis Cody
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