holiday let overseas before EU door closes?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    holiday let overseas before EU door closes?

    Just interested in thoughts re purchasing holiday let property in the EU prior to the UK leaving. Worth doing in light of this? Was it ever worth doing? Is investing in property in Europe only going to end in tears? Etc...

    #2
    Depends on where in the EU, if you speak/read the language, and what local property laws are (I know that Spain and France have some quirks that I would not be happy with).

    Comment


      #3
      what would the quirks in Spain be?

      Comment


        #4
        Originally posted by tatemono View Post
        what would the quirks in Spain be?
        That the goverrnment decide your property was illegally given planning permission, and demolish it without compensation?

        Comment


          #5
          It would depend on any deal (or not...) struck with the EU. For which, after only 2 years, the government have merely produced a rough brief draft of what they'll - probably - ask the EU for.

          Bunch of disorganized, incompetent , clowns.
          I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

          Comment


            #6
            Where do you want to spend your holidays in EU ?

            https://www.globalpropertyguide.com/investment-rating

            Comment


              #7
              Originally posted by JK0 View Post
              That the goverrnment decide your property was illegally given planning permission, and demolish it without compensation?
              well you'd have to be an idiot in the first place to not follow basic advice pasted everywhere online to check that prior to starting the buying process. I was wondering if there were any that weren't as well-known.

              Where we spend our holidays would have no bearing on this. We're not the kind of people who go back to the same place twice so the idea of staying in our "holiday home" doesn't appeal. This would be purely for yield to supplement retirement income.

              Comment


                #8
                Originally posted by Gordon999 View Post
                Where do you want to spend your holidays in EU ?

                https://www.globalpropertyguide.com/investment-rating
                interesting link which I visited years ago and had forgotten all about. I know Amman pretty well so Jordan might well be an option actually.

                Better than Chisinau anyway ;-)

                Comment


                  #9
                  Originally posted by tatemono View Post

                  well you'd have to be an idiot in the first place to not follow basic advice pasted everywhere online to check that prior to starting the buying process.
                  That's my point!

                  Many properties that have been demolished actually had planning permission. No amount of checking would have indicated otherwise.

                  Comment


                    #10
                    Originally posted by tatemono View Post

                    interesting link which I visited years ago and had forgotten all about. I know Amman pretty well so Jordan might well be an option actually.

                    Better than Chisinau anyway ;-)
                    I am surprised you think Jordan may be a better option. I think it is too near to the Israel/Palestine conflight to be safe for investing.

                    Comment


                      #11
                      was I meant to disregard your link? Amman is right up there. Lived in Amman for years and know the ME well. Jordan's weathered much fiercer storms than Israel v Palestine. But on further investigation, prices are much higher than places I was looking at in Spain.

                      Ah well.. guess it comes down to what you're familiar with as much as any potential market shifts.

                      JK0 got a link to anything to verify that?

                      Comment


                        #12
                        Originally posted by tatemono View Post
                        was I meant to disregard your link? Amman is right up there. Lived in Amman for years and know the ME well. Jordan's weathered much fiercer storms than Israel v Palestine. But on further investigation, prices are much higher than places I was looking at in Spain.

                        Ah well.. guess it comes down to what you're familiar with as much as any potential market shifts.

                        JK0 got a link to anything to verify that?
                        http://www.dailymail.co.uk/femail/ar...nightmare.html

                        Comment


                          #13
                          interesting.

                          Comment


                            #14
                            Originally posted by tatemono View Post
                            Just interested in thoughts re purchasing holiday let property in the EU prior to the UK leaving. Worth doing in light of this? Was it ever worth doing? Is investing in property in Europe only going to end in tears? Etc...
                            Have you looked at Vilnius in Lithuania?

                            Comment


                              #15
                              only physically on a jaunt through the Baltics a few years ago. Why do you mention Vilnius in particular?

                              Comment

                              Latest Activity

                              Collapse

                              • Reply to Mortgage News
                                by loanarranger
                                Updated correction re The Mortgage Lender
                                This lender has announced the withdrawal of the 80% LtV across its mortgage range limiting to 75%, additionally they have announced an increase of 0.3% across its entire mortgage product range. Before anyone questions the rationale of rates increasing...
                                07-04-2020, 21:24 PM
                              • Mortgage News
                                by loanarranger
                                The following article has appeared in one of the Mortgage Trade journals reporting on views expressed by the Association of Mortgage Intermediaries an influential trade body within the mortgage industry.

                                "Mortgage rates are likely to rise in the first quarter of 2016 as lenders look...
                                23-12-2015, 19:43 PM
                              • Reply to Mortgage News
                                by loanarranger
                                Here are the following changes announced today , in the main they relate to residential home loans, the criteria indicated by HSBC for those persons furloughed is being replicated by some other lenders so if remortgaging or purchasing , I would advocate speaking with your broker or trying to called...
                                07-04-2020, 20:41 PM
                              • Reply to Mortgage News
                                by loanarranger
                                The market continues to change and not for the better judging from the following lender announcements.

                                Lenders who have paused accepting new mortgage applications:
                                • Clydesdale Bank are not currently accepting new Purchase applications on either Residential or Buy to Let
                                • Virgin Money
                                ...
                                06-04-2020, 20:38 PM
                              • Reply to Mortgage News
                                by loanarranger
                                HSBC have announced a system of restricting the daily acceptance of new mortgage applications and for the present have stopped the acceptance of maximum LtV applications ( 95%)
                                06-04-2020, 18:25 PM
                              • Reply to Landlord - Tenant financial hardship due to coronavirus
                                by The Secret Landlord
                                Have your tenants lost their job? It is not clear why they will be in hardship? Have they done a budget? Gone through all outgoings?

                                It's important for people to really get a handle on their finances and understand what the real issues are right now.
                                06-04-2020, 07:07 AM
                              • Landlord - Tenant financial hardship due to coronavirus
                                by Matthew_Wilde
                                I am really struggling to get any advice so wondered if anyone on here could point me in the correct direction, please?

                                I have one rental property which has a Barclays buy to let mortgage. The tenants have been in the house since I first let it - over 5 years. They have always paid on time...
                                25-03-2020, 14:21 PM
                              • Reply to Mortgage News
                                by loanarranger
                                Here is an extract from a briefing note on amended lending criteria from Nat West and Nationwide for those affected in employment terms ( Furloughed) and who are applying for a mortgage.

                                Nationwide and NatWest have outlined their affordability criteria for people impacted by the Covid-19...
                                03-04-2020, 12:18 PM
                              • Reply to Mortgage News
                                by loanarranger
                                Bluestone Mortgages , a relative new comer to the niche end of lending via the Intermediary channels have this morning withdrawn from accepting any new mortgage applications.

                                Any existing applications which are either in the course of being processed or pending completion will proceed to...
                                03-04-2020, 10:04 AM
                              • Bank of England rate drop?
                                by Diversity
                                Is the BOE going to drop interest rates from 0.25 to 0.1 ? And are all UK banks mandated / legislated to pass onto the drop / savings to mortgage customers?

                                Is there any difference in the way they are treating home owner vs rental mortgages?
                                19-03-2020, 09:46 AM
                              Working...
                              X