On July 23, 2015 By Karl Deeter In mortgagesWith 2 CommentsTags: amount of deposit required for a mortgage, how much deposit for a house, how to save a mortgage deposit, mortgage deposit, mortgage deposits banks need How much deposit do I need to buy a house?
I wonder why people don’t borrow from banks in the EU?
Is it a very difficult thing to do?
Maybe interest rates would be more favourable or fixed terms better?
The main reason is that banks won’t lend outside of their jurisdiction (in general) because of the limited recourse they’d face or the barriers to recourse should they need to repossess. In particular in Ireland this process is very drawn out. So a bank would either move here and start lending or not lend at all (typically, of course, someday that can change).