Brexit now affecting mortgages
Oct 12th 2017, 9:45 am
#32
Gold-Helmeted Member
Joined: Dec 2004
Location: Setubal-ish
Posts: 688
Re: Brexit now affecting mortgages
I have a friend who is a brit and in the process of buying a house at present here. He was asking me about mortgage rates (didn't realise I don't have one) because he felt it was higher than expected. His income is going to be largely from the UK, and that seemed to be a concern for the bank because the exchange rate could vary, so they then hit him with a 10,000 increase in the deposit.
So brexit related I guess in so much as they're more nervous of the ability of UK based people to keep up payments as the pound has already dropped 20% or so, and if there is a hard brexit, could easily drop another 20%.
So brexit related I guess in so much as they're more nervous of the ability of UK based people to keep up payments as the pound has already dropped 20% or so, and if there is a hard brexit, could easily drop another 20%.
Oct 12th 2017, 9:52 am
#33
Lost in BE Cyberspace
Joined: Feb 2013
Posts: 6,148
Re: Brexit now affecting mortgages
I have a friend who is a brit and in the process of buying a house at present here. He was asking me about mortgage rates (didn't realise I don't have one) because he felt it was higher than expected. His income is going to be largely from the UK, and that seemed to be a concern for the bank because the exchange rate could vary, so they then hit him with a 10,000 increase in the deposit.
So brexit related I guess in so much as they're more nervous of the ability of UK based people to keep up payments as the pound has already dropped 20% or so, and if there is a hard brexit, could easily drop another 20%.
So brexit related I guess in so much as they're more nervous of the ability of UK based people to keep up payments as the pound has already dropped 20% or so, and if there is a hard brexit, could easily drop another 20%.
