Euro mortgages and loans for main home, holiday homes and second home purchases in Europe
We offer a comprehensive range of euro mortgages so you can purchase properties in France, Spain, Italy and Portugal.
Euro mortgages differ from UK home loans in a number of ways and in particular in terms of the number of euro mortgage interest rate options you can choose from. Typically, you can choose to take out a euro mortgage as a short term fixed rate, long term fixed rate, variable rate or with a capped rate, meaning your euro mortgage interest rate cannot rise above a predetermined level during the agreed period of interest rate capping.
We work with local banks in France, Spain, Italy and Portugal to find a best buy international euro mortgage for you. We will also help you to open a new current account, as you will need local euro banking facilities both to pay your mortgage and to pay local bills from time to time. Our mortgage broking service is conducted in English, so even if you do not speak a foreign language well, you can be sure you will know exactly how your mortgage application is progressing.
Given the complexity of the euro mortgage process, we strongly recommend that clients secure provisional agreement on funding before signing any purchase contract, as often you will be asked to pay a deposit at this stage. If for any reason you do not proceed with the house purchase, you will want to be sure you can reclaim your deposit. As your broker, we can help you with this.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Changes in the exchange rate may increase the sterling equivalent of your debt.
Life cover may be required to support your euro mortgage.