GOOD IDEA FOR SOME?
Posted: 26 April 2008 01:32 PM  
Expatriator
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Joined  2006-06-27

I have read an idea on another site….....

If you own a house in Spain and you have a UK mortgage on another property - borrow against the Spanish property with a Euro mortgage - lower rates than the UK and the Euros are now worth around 14% more pounds - transfer pounds to the UK and pay off/ reduce the UK sterling mortgage.

Just an idea someone had which I thought was cute and may be good for some others…......

PS Pound now 1.27 to the Euro (thats much better for some)

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Rob
Best Choice Villas sl
http://www.bcvillas.com
Selling legal property on the Costa Blanca

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