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foreign currency mortgages

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mr_ben_4
mr_ben_4 Posts: 1 Newbie
in Mortgages & endowments
:D has anyone taken out a foreign currency mortgage? A currency manager monitors the loan and seeks to maintain debt in currencies that are expected to weaken against sterling, thereby reducing the capital owed. Logically, you can potentially reduce your mortgage term considerably by utilising this method. Not for everyone but people are doing it. I'm not talking about the swiss frank single currency mortgages taken out in the 1980's, this is materially different.
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