| |
| UK
Landlord with Property Portfolio? - Switch to a Foreign Currency
Mortgage? |
>>> |
| General
Advice on Buying Overseas |
>>> |
| Arranging
a mortgage overseas |
>>> |
| The
top 5 tips for moving abroad |
>>> |
| Romania
Mania! |
>>> |
| Further
information on foreign currency mortgages |
>>> |
|
|
The principal of foreign currency mortgages are
simple: The opportunity to borrow money at a lower rate of Interest
than is possible in the UK!
Arranging mortgages for overseas property purchase can be a minefield.
We can guide you through the process to a suitable conclusion and
spread your mortgage over a range of different currencies if appropriate.
Are
you an expatriate or being paid in Euros? – We have the mortgage
solutions for your overseas property investments.
Are
you a UK Landord with a property portfolio?
Would you like to explore the benefits of switching your mortgage
portfolio to a foreign currency mortgage?
Find out more >>> |
August
2004
We
switch a client with a buy to let portfolio
secured on a £2.3 million mortgage to a foreign currency
mortgage. This instantly creates a reduction of £50,000
per annum in payments.
Whatever
your mortgage commitments find out how much you could save.
For further advice please call us now on 08704 28 28 29*. |
Here's
an example...
Example
for Euro Loans: Repayment mortgage of approx €72,500 over
a period of 20 years at an interest rate of approx. 2.75% =
approx €397.30 capital and interest per month = a total
approximate amount payable over the term of €98,252 including
capital, interest, arrangement and survey fees |
Here's
an example...
A £150,000 mortgage repaid over 25 years at 5.75% would
cost approximately £945 per month. The same mortgage in
Japanese Yen (for example) at 2% would cost approximately £635
per month. A staggering saving of £310 per month! |
| Daily
Foreign Currency Rates: |
 |
Click
here for the latest exchange rates >>> |
|
| |
|
| European
Mortgage Federation: |
 |
click
on image |
Need advice?
The Property Banking team are happy to discuss the pros and cons of
sourcing foreign currency mortgages. Call one of our team on 08704 28 28 29*
Changes
in exchange rates may increase sterling equivalent debt and repayments
*
Lines open Monday - Friday 8.00am - 10pm. Calls charged at local rate.
Calls are monitored and may be recorded for training purposes. Operated
by Asset Design Limited, authorised and regulated by the Financial
Services Authority.
Find out more |