Top-up mortgage here to buy abroad while working abroad.

M

murphaph

Guest
Hi all,
I'll be leaving our shores soon for Germany. I'd like to rent for a wee while over there before buying my own place. I have c.160k equity in my place and with the SSIA coming to maturity I'll use that too. A nice place can be had where I want to live for 130-150k. The german interest rates seem to be way higher than here and a german bank typically requires 30%-40% deposit. I was thus thinking of remortgaging my (to be) rented out property then. I'm just wondering will UB have any problem topping up my mortgage if I live and work outside the state? Any other problems anyone foresees with this?
 
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