Foreign Currency Mortgages - What Are They And What Are The
Risks?
99.9% of mortgage borrowers raise the money they need to buy
their home in pounds sterling and pay the prevailing UK based
interest rate. But it does not have to be that way........
Whilst by its' own historical standards, the UK's domestic
interest rates are low, they are still significantly higher than
in the Eurozone, America, Switzerland and indeed, Japan.
Therefore, you can currently borrow the money you need in Euros,
$ dollars, Swiss Francs or Yen, secure the debt against your
house in the UK and pay a much lower rate of interest.
The following 3 month money market interest rates illustrate the
extent to which UK interest rates are ahead of other parts of
the world:
Sterling