investing abroad without equity

[gar123]

hi there

without having equity in your house but wanting to invest in uk is there anyway of getting a mortgage.

I could pay a mortgage and all related charges and would have the deposit but as far as im aware mortgages can only be applied for for properties here in ireland.

i know the usual is to use equity in your own house but i dont have any equity built up worth taking out

cheers

 

[ClubMan]

without having equity in your house

Other than not owning a house at all how would this happen other than if the house was constantly mortgaged for 100% (or more!?) of its value (e.g. a 100% interest only morgtgage which sounds unlikely/uncommon on a PPR)?

but wanting to invest in uk is there anyway of getting a mortgage.

Without some security/collateral I doubt it.

 

[onekeano]

But if you do find a way please come back and let us all know how

R.

 

[gar123]

let me just clarify

i own half my house with a family member but only 2 years in the house so not much in the way of equity there to release

 

[Theo]

let me just clarify

i own half my house with a family member but only 2 years in the house so not much in the way of equity there to release

Royal Bank of Scotland offer 80% BTL mortgages against UK investment properties to Irish residents, subject to meeting their lending criteria of course.

I think BOS also offer UK BTLs to Irish residents, not sure.