guitargary
Feb 27, 2009, 09:14 PM
Hi Guys
Firstly thank you for taking the time to look at my question.
I'm in a bit of debt. To the tune of about £30,000
I own an apartment in Bulgaria, outright. There are no secured loans or mortgages against it and I have a Bulgarian Bank account.
I wish to Mortgage the Apartment in Bulgaria, and use the money to pay off my debts here in the UK.
I have received a mortgage offer from a Bulgarian bank. However, they stipulate, that the funds must be used in Bulgaria.
How can I use these funds to pay off my outstanding debts here in the UK, and satisfy the lender?
Many Thanks
Guitargary
Firstly thank you for taking the time to look at my question.
I'm in a bit of debt. To the tune of about £30,000
I own an apartment in Bulgaria, outright. There are no secured loans or mortgages against it and I have a Bulgarian Bank account.
I wish to Mortgage the Apartment in Bulgaria, and use the money to pay off my debts here in the UK.
I have received a mortgage offer from a Bulgarian bank. However, they stipulate, that the funds must be used in Bulgaria.
How can I use these funds to pay off my outstanding debts here in the UK, and satisfy the lender?
Many Thanks
Guitargary