FOREIGN CURRENCY MORTGAGE

Foreign currency mortgages are often not clearly understood by buyers, which leads many people to dismiss them as overly complex or risky. However, with foresight and careful risk management, along with a good understanding of what a foreign currency mortgage is and what it's for, this form of finance could be the perfect solution for many investors... This flexibility can be very useful, and allows buyers to access options which they wouldn't otherwise be able to. For example, a UK expat might decide to purchase their retirement home in the south of France with a mortgage from a French company; however, they might intend to pay for their mortgage with the income from their UK pension, which is held in sterling. Taking out a foreign currency mortgage allows them to do so easily, and provides them with the ability to seek out the best domestic mortgage deals... As we've already discussed, a foreign currency mortgage can allow buyers the option to pay for property in a currency other..

Primary location: United Kingdom