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rocker

Buying for cash abroad to remortgage and buy in UK

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Hiya all,

Long time lurker here, maybe as long as 10 years.

I've been battling for half that time to clear a lot of debt. And the other half battling to save a deposit. I've scraped together a fairly paltry £25k, which i'm sure, still isnt really enough to get one of these shoebox homes. I have always kept a bit of a eye on property abroad. I live in Poole, UK and visit France. It's amazing what a splash of water between land does to house prices, as there's a lot on offer in France.
Anyhow, i'm on the cusp of being able to afford to buy a fixer-upper in France for cash if i wanted to, or i could try opening a French bank acct and do a 50% mortgage to keep some cash of my own to keep me going while i updated the property. (Or i can wait a little longer and bank a bit more.)
My question is, if i bought a £20,000 2/3 bed property in France and fixed it up to increase its value - I think it would be time consuming to try and resell it in France, so would i stand to gain instead from remortgaging it, and then use that to have a bigger deposit for buying back in England.

Or is this just a stupid plan?
If anyone has any thoughts around this, or if there's a post somewhere here from someone who has managed it, i'd be keen to know if this is a go-er or not to bother.

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