Apartment in Dubai

T

tbourk01

Guest
I'm currently living and working in Dubai and am considering purchasing an apartment there (first time buyer), however I'm been told that I will find it next to impossible to get a mortgage from an Irish bank. Anybody have any experience/advise on what to expect/other possible options
 
We're looking at purchasing an investment property abroad and have talked to the banks about this. Basically, they don't want to lend you the money as they can't reposess the house as it is outside the country.

Thay can lend you about 80% of your available capital in Ireland though, so if your parents want to remortgage their house for you this could provide you with the money for Dubai. However, if you don't repay the loan your parents house could belong to the bank.
 
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