mortgage in euros?

luckyfool

howee wrote: »

Yes I know meaning 1 euro would be worth around £1.49 See where I am coming from?

If you are the kind of guy who would bet your house on a hand of poker then this is for you.

Otherwise, unless your income is in Euros then this kind of thing is extremely risky. If you had taken out a Euro mortgage at 75% 6 months ago the sterling equivalent of your mortgage would probably be in negative equity now due to depreciation of sterling against the Euro before even taking into account any potential fall in property prices.

sheffield_lad

Hi guys many thanks for all of your replies. I am not going down this route but I am a little surprised no one See's this as possibly. This is the only time this could be a product offered with a low risk. Although the Euro is a relatively new currency the £ is at a record low against it and is at the far end of where the £ is expected to trade. I would never have considered this type of product at any other time as currencies constantly move but this level is unbelievable and can't last too much longer.