Can you get a french mortgage for property in th uk ?
I have heard that the french mortgage rate is a lot lower than ours. as we are all "eu" memebers, can i get a french mortgage for a uk property ?
Answer
You might be able to if you also owned a property in france (ie if your uk house was a holiday house). the financial regulations of each country differ, and therefore financial institutions have to be registered in that particular country in order to offer certain financial services. the issue with a mortgage, for example, is that if a french bank lent to you, they would not be able to repossess a uk house in the event of non-payment. if the mortgage was guaranteed on a french property, of course, there would not be a problem.
