Quote:
Originally Posted by Daydreamjay
Hi Group, my first post here!
I am actively looking for a property to buy abroad in the region of £50,000, half of which would be a cash deposit, the other half mortgaged.
I need to know how foreign mortgage lenders vet you, do they use the normal UK credit reference agencies such as Equifax and Experion? The reason I ask is that my credit score is not very good and even though I have credit cards and also a current mortgage etc, I am most certainly sub-prime.
So my question is - will my UK credit rating affect my chances of a mortgage abroad?
Thanks,
Jay
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I would like to build on this question. Why would an investor consider purchasing real estate overseas? What are the inherent benefits?