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Anyone got a Euro mortgage for a property in the UK?

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    Anyone got a Euro mortgage for a property in the UK?

    Is it a good time to get one? The pound can only go one way shirley?
    Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

    #2
    Originally posted by gingerjedi View Post
    The pound can only go one way shirley?
    How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

    Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
    Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

    "We hang the petty thieves and appoint the great ones to high office" - Aesop

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      #3
      you gotta be careful with the mortgage currency exchange stuff

      mortgages are for a long time and not easy to swap currency if
      things go against you

      look at what happened last year to the Hungarians last year with their
      CHF and EUR mortgages



      Milan.

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        #4
        Milan beat me to it. There are lots of Eastern Europeans now living under bridges because they did this and were stung by a local currency dip.
        And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

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          #5
          I guess there will always be a good and bad time to jump in with these things, it depends if you're willing to gamble with the family home.

          I'll stick with Nationwide.
          Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

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            #6
            Not a wise thing. When it unwinds, you'll get royally ****ed over. Google Yen Carry Trade for some horror stories.

            The recent E.Europe troubles are just people not learning their lesson from history.
            ‎"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."

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              #7
              Lockhouse words of wisdom; Always have the mortgage in the same currency as your rent.
              ...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...

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                #8
                Originally posted by Lockhouse View Post
                Lockhouse words of wisdom; Always have the mortgage in the same currency as your rent.


                And income stream.
                How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

                Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
                Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

                "We hang the petty thieves and appoint the great ones to high office" - Aesop

                Comment


                  #9
                  Originally posted by HairyArsedBloke View Post


                  And income stream.
                  Not so important as you may wish to speculate but at least you are hedged.
                  ...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...

                  Comment


                    #10
                    Any debt should be denominated in the same currency of your main income.

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