Overseas and Foreign Currency Mortgages
The Mortgage Explorer offers independent mortgage advice on multi-foreign currency international and overseas mortgages for the UK mainland, UK offshore islands and overseas properties.
We have for many years specialised in the international mortgage market, and have built up a great portfolio of tax efficient international mortgage products. We have established relationships with the best overseas mortgage lenders, and we can help you find the best mortgage package to suit you, wherever you want to buy, and in whichever currency.
Mortgages are available in many international currencies, including: Sterling, Euro, Swiss Franc, US Dollar, Japanese Yen, Canadian Dollar, Hong Kong Dollar, Singapore Dollar, Australian Dollar, New Zealand Dollar.
Our Overseas Mortgage service includes:
- Independent Mortgage Advice
- Some Multi Foreign Currency Mortgages currently offer lower interest rates than sterling and abroad
- Flexible terms
- Facility to purchase a property in the UK with a Multi Foreign Currency Mortgage
- Major foreign currencies available
- Expert management of multi currency management available
- Interest rates can be very much lower than UK paying rates
- Treat the customer fairly policy
We deal with all major mortgage lenders including: Barclays Bank, HSBC International, Nat West International, Royal Bank of Scotland International, Singer & Friedlender Ltd.
We offer independent advice and an optional ongoing annual overseas mortgage review to help you manage your assets and your future.
Foreign exchange movements can be sudden and substantial and you must be able to tolerate a sizeable increase in your loan through such movements. At no stage should you expose yourself to high risks of foreign currency borrowings if you are not able to afford the potential losses that could result from adverse currency movements and the higher interest rate servicing costs that would be required of you due to your having a larger loan. Denominating debt in foreign currencies may not be suitable for you. If you have any doubts as to your suitability for borrowing in foreign currencies or your understanding of the risk involved, you should consult your financial adviser. Changes in the exchange rate may increase the equivalent of your debt, in whatever currency you deem important to you e.g. main income's. Your lender will not tolerate too great an increase in your loan as a result of currency losses and may opt to convert the loan back into the lender's specified base currency at a predetermined level. This may result in a permanent increase in your loan which is not fully compensated for by any other benefits. In this event, you could be left paying interest rates on a larger amount of loan than that you originally borrowed.