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Old 21.10.2020, 12:16
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Re: Mortgage / Italy for non-residents

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GBP - with Swiss interest rates.

I have three accounts (in USD, CHF and GBP respectively). Trying to move all my mortgages here, as the rates in the UK (especially with the current dip in rentals in London) is making the buy-to-let properties not very efficient.
Clearly the prices are way too high in the UK v cost of borrowing & rents.
I looked at BTL mortgages & rates quoted were around 5% for a 5 year fix, which implies prices need to halve, quite likely as London costs 12 times earnings of the purchaser or more, this dropped to 2.5 times the earnings of the purchaser in the 90's slump. Both multiples are somewhat extremes.
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