Inscrit le: 26 Mai 2017
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|Posté le: Mar 10 Oct - 13:17 (2017) Sujet du message: What sort of finance should I consider
I have the opportunity to purchase a flat in Egypt. At the current exchange rate, I could buy & refurb to my taste for £50k. I have family living there, so maintenance etc will not be an issue.
At the moment, I have approx £20k in savings, so would need finance for the remainder. My mum, bless her, has offered me about £15k, which I don’t really want to take, but may consider some of it.
I have sought advice from an IFA, but because the amount involved is quite small, I am getting nowhere fast, so am hoping to pick your brains for suggestions.
Ideally, I would like to borrow £25k, for a max of 10 years, but with no penalty for early repayment. Are there any options out there for me to consider? I can’t afford to get on the property ladder here, but this opportunity would give me options later in life.
I didn’t find the right solution from the internet.
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