i want to start a business in rep of ireland and need finance in euros...how do i get it with property in uk?

Question

i have property in uk as collateral

Answer 1

You can obtain a business loan in the uk without offering security so long as you have a good credit history and your Bank likes your business plan. Keep an eye on ECB and BofE interest rates though as it could pay you to move the borrowing.

Most English banks can also offer you a UK based Euro account, so the money can stay here until you need to move it.

I wouldn't use a UK bank to convert the money though, their exchange rates are poor. I've saved alot of money using a number of different specialist currency companies, from Fortis Bank to HIFX (www.hifx.co.uk)

You can also Invoice discount or factor your book debts in Euro if that helps with cashflow. HSBC Invoice Finance UK are an example of a company that can help you with that.

Answer 2

Most banks these days offer mortgages in multi currencies, However, the Euro is not that stable at the moment and interest rate in the Euro Zone are set to rise, so you are probally better raising finance in Sterling and then converting when the Euro peaks, usually in October it seems to raise to aroun 1.48.

Answer 3

Raise a mortgage in this country and then transfer the funds to your bank in Ireland.

Answer 4

Royal Sunni families, the Clerics in Saudi Arabia, and armed forces families from all the muslim international places that assisted in Afghanistan interior the 80s, and the yank government too.