You will probably be exposed to foreign currency loans if you buy a home overseas, which for all sorts of reasons has increased risks compared to those associated with living in the UK and owning properties here.

Foreign Currency Mortgages - Coreco

We have contacts in most of the major countries where UK citizens favour buying second homes and will be happy to guide you to an appropriate solution in the country of your choice.

It is also possible to arrange mortgages in major foreign currencies to finance your UK home or even a managed foreign currency loan. At TMM we have experience of arranging Foreign Currency dating back to Originally popular with foreign workers mainly bankers at the time whose income was mainly paid in Dollars or Deutschmarks at the time they chose to link their mortgage repayments to their income currency to avoid some of the currency risk.

Untitled Document

At the time Dollar and Deutschmark rates were lower than UK rates, however, this did not remove the risk of their debt increasing if Sterling depreciated against their chosen currency but often these borrowers worked in, and knew the risks of, currency exchange.

Sadly quite a few of these borrowers with no knowledge of the risks involved ended up with larger and more expensive Sterling mortgages as the value of Sterling fell.

Remortgaging -

At the time we refused to offer such facilities to clients unless they demonstrated a good knowledge of the workings of the currency markets through their occupation and thus avoided the sort of issues that many ill informed novice borrowers suffered at the time. Clearly the debt managers cannot always get the trades right — so as we said this still remains not a choice for the faint hearted or those who cannot afford to see their debt increase.

foreign currency mortgages - The Mortgage Monkey

If you are in the market for such a facility we can work with you to decide both the most appropriate lender, and if appropriate, introduce you to the management companies who manage currency mortgages. Changes in the exchange rate may increase the sterling equivalent of your debt.

Your home may be repossessed if you do not keep up repayments on your mortgage. To discuss your current or future mortgage requirements please call Tyler Mortgage Management Limited is Authorised and Regulated by the Financial Conduct Authority.

Tyler Mortgage Management Ltd registered in England No. For Foreign currency mortgages we act as introducers Foreign mortgages are not arranged via Sesame Ltd or regulated by the FCA.

BACK TO THE TOP Your home may be repossessed if you do not keep up repayments on your mortgage. A typical fee for arranging your mortgage is 1.

Financial Services Register Number: