Getting a mortgage here, for a house back home
 

Me and mrs Spugsy are considering buying another flat back home in Newcastle, obviously the whole credit crunch thing is bad news, but if house prices are dropping then it may be a good time to invest if we are over here and earning decent money,

First off - would you think it's safer to do that than buy somewhere over here?

How long do you think it'll take for the market to pick up again?

And would it be possible for us to get say a £100k mortgage/loan between us and use the money to spend on a property back home?

Cheers financial dudes....:unsure::confused:

Re: Getting a mortgage here, for a house back home
 

I didn't have you pegged as a capatalist b**tard mate!

Good thinking batman - there's a killing to be made back home if you've got some spare dosh

Re: Getting a mortgage here, for a house back home
 

Probably too soon to buy a place in Newcastle...............

I'd advise you to wait until they've built some new properties, such as ones with electric lighting and toilets inside the house..........

More seriously - it's far too early to buy property in the UK. I reckon somewhere around February 18th 2010, just before teatime, will be a better bet for bargains.........

Re: Getting a mortgage here, for a house back home
 

well people seem to be making money over here, rather than spend 3 years saving why not invest? If we get tenants to pay most of the mortgage, and hopefully prices go up in say 3 years we could make some cash - and it must be safer than buying over here?

Re: Getting a mortgage here, for a house back home
 

yeah we're looking around then, we both have debts to be paid off first (and a big holiday, heh).

Ahem, aren;t you from Luton?? where everyone talks like lorraine chase??

Re: Getting a mortgage here, for a house back home
 

stuff on the Quayside has dropped dramatically, take a peep on www.rightmove.co.uk

Re: Getting a mortgage here, for a house back home
 

Spugsy - why haven't you emailed me about this? ;)

-

Re: Getting a mortgage here, for a house back home
 

we just decided last neet!

Pm me then please petal.

Re: Getting a mortgage here, for a house back home
 

I emailed yhou about a similar ideas a few months ago and you never responded!!

Anyways, I wanna do the same thing but will be buying in Gloucestershire, want to buy in Cheltenham but may be Gloucester.

Plua I already have my mum and her partner ready to take the house on and pay my mortgage for me :thumbsup:

So any advice, I'm paying some credit cards off and am looking at next year sometime.

Bison

Re: Getting a mortgage here, for a house back home
 

we've decided to buy another place in the uk rather than here...prices are defo in our favour...

MM, xx

Re: Getting a mortgage here, for a house back home
 

Remind us again if she asks someone else...We are compiling performance sheets on posters who deliver on their word...

Re: Getting a mortgage here, for a house back home
 

Prices in Beirut are starting to get attractive again...

Re: Getting a mortgage here, for a house back home
 

then get buying...

MM, xx

Re: Getting a mortgage here, for a house back home
 

All in good time, baby...All in good time...

Re: Getting a mortgage here, for a house back home
 

I know it won't affect you so much MM but those lending are really tightening up. LTV - 90% last week, today, 75% seems the norm.