Getting in the Zone for Your Foreign Loan ; Euro-Mortgages Can Make Buying Abroad Simpler and Cheaper... But Trusty Sterling Still has Advantages
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Summary
Euro-mortgages are being billed as the simplest and cheapest way to buy property on the Continent.
Supporters claim that if you are buying an apartment or villa in eurozone countries such as Spain, Portugal, Italy or France, a mortgage in the local currency removes the expense and confusion of converting the price of your property into sterling.See the full content of this document
Extract
Getting in the Zone for Your Foreign Loan ; Euro-Mortgages Can Make Buying Abroad Simpler and Cheaper... But Trusty Sterling Still has Advantages
And while interest rates in Britain are still close to their 30- year low, they are even cheaper across much of the eurozone-So the monthly repayments on a euro-mortgage could be even lower, too.
Several major British lenders now offer mortgages in euros for homes on the Continent at the end of last year Lloyds TSB jo...See the full content of this document
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