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Foreign Currency Mortgages

Reduce the capital value of your mortgage by switching currencies

The information on this page is for information purposes only and is not a recommendation or advice.  Any enquiry will be referred to an FSA regulated firm who will advise on this type of borrowing according to your circumstances.   You must be able—and prepared—to tolerate adverse currency movements.

Currency Mortgages

Scenario 1 - UK Residents:

 On UK property

    Lending Criteria for Buy-to-Let property

  • Minimum loan £500,000 (currency equivalent)

  • Minimum income level £200,000

  • Maximum loan to value 60% 

  • Income or assets in currency concerned NOT required if property is not your  personal residence

  • Foreign Currencies available US$ 4%, Euro 4.75%, Japanese Yen 2.00%, Hong Kong $ 5.8%, Singapore $ 3.8%, Swiss Franc 3.75% - rates given as a guide only on 21 February 08 .

  • 4 Currency switches permitted a year (usually on loan instalment date) at no cost

If you would like to know more please contact us

 

    Lending Criteria for your own residence:

  • Minimum loan  £500,000 (currency equivalent)

  • Debt/Equity ratio (Loan To Value) of 60% max

  • Income or assets in the currency concerned will be required

If you would like to know more please contact us

Scenario 2 - Non-UK Residents

(British Expats and Foreign Nationals):

 

 On UK property only

      

Lending Criteria for your own residence and Buy-to-Let:

  • Minimum loan in GBP £100,000

  • 4 Foreign Currency switches a year (usually on loan instalment date) at no cost

  • Sterling loans - maximum Loan to Value (LTV) 65%

 

 

If you would like to know more please contact us

 

You must be able—and prepared—to tolerate adverse currency movements

  

If you would like to know more please contact us

 

The information on this page is provided as a guide and nothing contained herein should be construed as specific advice or recommendation.  Jayga Ltd makes no warranties or representations regarding the fitness for purpose of the content provided for your particular circumstances.  We  do not advise on legal, financial or tax issues and if advice is required we recommend that all clients seek the best local professional advice in their country of residence.  

www.jaygaltd.co.uk