View Single Post
  #8  
Old 27-12-2007, 05:38 PM
Peter Mitry's Avatar
Peter Mitry Peter Mitry is offline
Egypt Forum Founder Member
 
Join Date: Feb 2007
Posts: 1,096
Default

Many Brits looking to invest in emerging markets are often stretched at home on the lending criteria and prefer to look for mortgage finance in the country they are buying in.
Although the mortgage rate on Stuarts example looks high at 8% am I right in thinking that as this is an Egyptian pounds mortgage the borrower would benefit from the strength of the pound when transfering funds?
__________________
PROPERTY SHOP INC. International Property Brokers
EGYPT REAL - Your One Stop Shop for Hurghada Property. And Now Interiors and Property Management
Reply With Quote