Foreign Currency Mortgages?
Very few people know that it is possible to obtain a foreign currency mortgage for a UK residential home.
Borrowing in a foreign currency, that has a lower interest rate than sterling is an attractive proposition and offers the possibility of a combination of sizeable reductions in monthly payments and if the chosen currency weakens against the value of sterling, the value of the mortgage debt will be reduced as well.
As with any benefit that looks too good, there are also associated risks involved and you should understand these before proceeding.
Through our association with the ECU Group, the UK's longest established and largest currency debt management firm, these risks are kept to minimum by constant monitoring of the loan and seeking to maintain the debt in currencies that are expected to weaken against sterling for a fee.
To find out more go to the contact page
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