Jump to content

Search the Community

Showing results for tags 'euro'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


  • Property Hub
    • Housekeeping
    • Property in the news
    • Introduce yourself
    • General property discussion
    • I need advice!
    • Progress journals
    • Property Podcast discussion
    • Property Hub University
    • Chit-Chat
  • The Property Hub Summit


There are no results to display.

Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start



Website URL



Areas I invest in

About me

Property investment interests

My skills

My goals

Interests outside property

Found 1 result

  1. Hi there, I hope everyone is well. I am having trouble with mortgages due to being paid in a foreign currency (Euro), this isn't a new issue for me, I've made 2 purchases in the past as personal mortgages and have struggled then as well, I've dealt with a couple of different brokers and all roads seem to lead back to Santander. They deduct 25% from my salary in the calculations for currency fluctuations, and they also (along with every other bank I've spoken to) will not take into account the fact that I legally do not pay tax in the UK on my salary. I report my earnings to HMRC each year through my accountant and due to the industry I work in and time I spend out of the UK I effectively get a full tax refund, but it never leaves my account. The two reasons above mean that I end up getting offered a lot less than if the amount I take home each month were earned in GBP and was net after tax, which it effectively is for me. My wife and I own a home with a mortgage and have carried out major renovations since buying at a good price. The current value is between 575k and 600k, with a mortgage of 332k left over a 33 year period, 3 years left of a 5 year fix. My plan was to take out additional lending of around 100k against the new value of the home, keeping me below 80% LTV, and use the 100k to invest in BTL's. So far I've had no joy with our current lender, despite being able to afford the repayments without including any rental income. I have also not yet attempted to get a BTL mortgage, but imagine this will carry the same issues, whether I apply via a Ltd company or in my own name. If anyone has any advice or can suggest a specialist lender that can look closer at individual situations it would be greatly appreciated. Thanks in advance Adam
  • Create New...