What is the best fixed rate mortgage for buying a flat within the UK?
And are UK resisdents able to use Euro or US mortgages for homes in the UK? If so, are they worth considering?
Answers:
There is no "best" fixed rate mortgage surrounded by the UK, as different products cater for different people. The best mortgage for one person may be the worst mortgage for someone else. In language of fixed rate mortgages, it depends on how long you want the fix to last for - and whether you're happy to adopt a high redemption penalty.
You could appropriate out a mortgage in a different currency, but you would be putting yourself at risk as your mortgage payments will fluctuate in response to the exchange rate. The individual time you might consider taking a foreign mortgage is if you have a source of income in that currency which is sufficient to gross the repayments.
Related Questions:
Mortgage rates so low?
Has anyone else benefited from the government seizing Fannie Mae and Freddie Mac? I am settling on my untried house October 20, and when I applied for my mortgage about 1 month ago and decided to float the interest rate (rather than locking within 6.5% at the...
Answers:
There is no "best" fixed rate mortgage surrounded by the UK, as different products cater for different people. The best mortgage for one person may be the worst mortgage for someone else. In language of fixed rate mortgages, it depends on how long you want the fix to last for - and whether you're happy to adopt a high redemption penalty.
You could appropriate out a mortgage in a different currency, but you would be putting yourself at risk as your mortgage payments will fluctuate in response to the exchange rate. The individual time you might consider taking a foreign mortgage is if you have a source of income in that currency which is sufficient to gross the repayments.
Related Questions:
Mortgage rates so low?
Has anyone else benefited from the government seizing Fannie Mae and Freddie Mac? I am settling on my untried house October 20, and when I applied for my mortgage about 1 month ago and decided to float the interest rate (rather than locking within 6.5% at the...