Currency Mortgage Information and Options

International Currency Mortgages

Multi Currency Mortgage

A Multi Currency Mortgage is a International currency mortgage where the borrower takes out a home loan in one currency (say) Swiss Francs and after a period of time feels they would like to switch the loan into another currency.

These mortgages are generally regarded as being less risky than single foreign currency mortgages because as the borrower you have the option of switching if the currency you're borrowing in if it shows signs of increasing against Sterling. The effect of this appreciation would be to leave you with a larger debt in Sterling terms or higher monthly payments in Sterling terms. Be warned! Moderate/high risk

Single Currency Mortgage

A Single Currency Mortgage is a International currency mortgage where the borrower takes out a home loan in one currency (say) Euros and is unable to switch the mortgage into another currency.

These mortgages are generally regarded as being more risky than Multi foreign currency mortgages because as the borrower you do not have the option of switching if the currency shows signs of increasing against Sterling. The effect of this appreciation would be to leave you with a larger debt in Sterling terms or higher monthly payments in Sterling terms. Be carefull High risk. Euribor historical information can help you understand the past performance and current Euribor today rate may be also be useful.

Currency Mortgages Interest rates and Margins-Spread

Available Currency Mortgages:

AUD - Australian Doller libor

CAD - Canadian Doller libor

CHF - Swiss Franc Libor Mortgage information

Euro - European Libor Mortgage information

GBP - Great British Pound Libor

HKD - Hong Kong Doller Libor

NZD - New Zealand Doller Libor

USD - United States Doller Libor

YEN - Japanese Yen Libor Mortgage information

"On current performance, mortgages linked to the Euro would appear to offer exceptional value to UK borrowers. We are delighted to bring this to the market with New Mortgage Finder, who specialise in this type of customer."

Central Lending Rates May '08
NZD	8.25%	AUD	7.25%
GBP	5.00%	USD	2.00%
CAD	3.00%	EUR	4.00%
CHF	2.75%	JPY	0.50%

The product carries a 0.5% application fee and our broker fees from just 1% inaddition valuation and legal fees are met by the borrower, New Mortgage Finder will take reduced commission on the sale instead a full fee and therefore shall charge for the introduction to the provider, you should also note the minimum loan amount is £75,000. Repayment or interest only is available. Assessment is carried out on the current applicants total incoem including rent.

This product had limited funds allocated to it and has since been fully subscribed. We are expecting further deals in the future, please return to this page as it is updated regularly.