Brits want to escape with mortgage in sun by Finance News Bulletin

Published: 25/11/07

Some 43 per cent of Britons are paying attention in taking out a mortgage in another country, with many wishing to escape the moist and cold of England, a study has shownData collated by Yorkshire Bank reveals the tendency, which may also point to that more mortgage-seeking Britons are fed up with British house prices However, 44 per cent of the respondents were also wary of dodgy transactions overseasThis is despite the fact that many of those wishing to find a mortgage exterior of the UK are not naive first-time buyers but rather experienced campaigners

One-third of those surveyed would buy a property as a long-term asset Steve Reid, Yorkshire Bank's director of retail banking, commented: "It's therefore significant that buyers can use a trusted UK store and deal with an English-speaking representative who will see them through the process from start to finish "Some far above the ground street banks in the UK specialise in foreign mortgages, often in exact countries Banco Halifax Hispania has a figure of branches in Spain, with English-speaking employees specifically available for expatriates

Brits want to escape with mortgage in sunNone of the information on this website is intended to promote any exact mortgage product or provide mortgage adviceThe sphere, with image, its reflection and Mortgagescouk are trademarks

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