Multi-Currency Mortgages
In addition to Sterling mortgages we can also arrange foreign currency mortgages for our clients who are buying UK property. Our managed multi-currency mortgage service offers three potential benefits:
- Debt reduction - This is achieved by switching your mortgage between foreign currencies which weaken against sterling.
- Interest rate savings - This is achieved through borrowing in one or more low interest rate currencies
- Tax efficiency - Depending on your circumstances, a managed currency mortgage may offer certain tax benefits. The benefits of a managed currency mortgage are currently tax efficient.
With these potential benefits come risks and foreign currency loans should not be considered by anyone who is unable to afford the financial implications of a permanent increase in their loan and resulting higher sterling interest rate payments. Level and bases of reliefs from taxation are subject to change and their value depends on the individual circumstance of the investor.
Changes in the exchange rate may increase the Sterling equivalent of your debt.
Exclusive multi-currency offset mortgage available from Largemortgageloans.com

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