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A multi-currency mortgage
anitha
Posts: 189 Forumite
Hello ::)
Has anybody explored a multi currency mortgage ?
I have recently found some info on another money saver website ( site is not as good as this one and user frinedly as this siute by a long, long shot - now I understand why so many people on this site wanna have Martin's babies ;D
)
If anyb ody can make sense of this and can transalte to simple terms of how we can do this oursleves I would most appreciate it.
http://www.everyinvestor.co.uk/timArticles/tim_261_27_.asp
Has anybody explored a multi currency mortgage ?
I have recently found some info on another money saver website ( site is not as good as this one and user frinedly as this siute by a long, long shot - now I understand why so many people on this site wanna have Martin's babies ;D
)If anyb ody can make sense of this and can transalte to simple terms of how we can do this oursleves I would most appreciate it.
http://www.everyinvestor.co.uk/timArticles/tim_261_27_.asp
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Comments
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If anyb ody can make sense of this and can transalte to simple terms of how we can do this oursleves I would most appreciate it.
To be honest, if you don't understand it, it's probably not for you.
Basically, it is using currency fluctuations to lower the amount you owe - but of course the loan could go up if they miscalculate.
Combine that with a minimum fee of £2,500 a year, and there don't seem many positives really.I work for a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.( I have ammeded this signature slightly, as I do not actively provide mortgage advice. However, I support and adhere to the moneysavingexpert mortgage broker code of conduct)0 -
Plus you have to be earning over 70k per annum and want to borrow a reasonable amount.
Pretty good if you have lots and lots of money/debt but you have to be sure that their management will outweigh their fees.0
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