Quote:
Originally Posted by Roger
Hi Red,
I would far rather raise the money here at a better interest rate, and where I have a better idea of the financial going ons. If that fails then I would need to know a lot more about the HSBC offer before I decide whether or not to take it up.
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Hi Roger.
I agree with you, until the terms of the mortgage are clear I will not apply for the finance option. One advantage of taking up the finance option is that the Finance is secured against the asset in Egypt and not against assets in the UK.
I have not looked into mortgage companies in the UK that offer finance against foreign assets, if these are available and are more favourable than the HSBC option then I will take the latter option. Although HSBC is a well known and respected financial institution so I don't see any problems with regards to borrowing from them.
Regards
RED