peterweg
17 Jun 2016
Law / Can a UK company earn in PLN? Foreign currency and mortgage in Poland. [22]
Then the bank is exposed to currency risk as the company does NOT earn PLN. I suppose if you had a large deposit (50%) you might find a lender who would lend to you.. in the past.
This is not then. Next week is the Brexit vote, you will be almost certainly barred from a mortgage until after the vote.
After the vote, if its Leave, getting a mortgage with a non-EU Ltd company would 100% certain to be refused. Its impossible.
Your right to live and work in Poland would be uncertain for years.
company can always exchange its earnings into Polish zlotys at some point.
Then the bank is exposed to currency risk as the company does NOT earn PLN. I suppose if you had a large deposit (50%) you might find a lender who would lend to you.. in the past.
This is not then. Next week is the Brexit vote, you will be almost certainly barred from a mortgage until after the vote.
After the vote, if its Leave, getting a mortgage with a non-EU Ltd company would 100% certain to be refused. Its impossible.
Your right to live and work in Poland would be uncertain for years.