Overseas mortgages

When you are planning to buy overseas property, either as an investment or for a personal use, the most important consideration is what currency to borrow. The simplest way to minimise exposure to exchange-rate risk is to finance the purchase with a mortgage in the local currency. This is because the value of the asset and the liability in your own domestic currency will increase or decrease at the same rate as a result of changes in the exchange rate. 

Exchange rates around the world fluctuate 24 hours a day. This means that if your domestic currency is to strengthen against the currency in which the mortgage is denominated, then it would cost you less in your domestic currency to fully repay the mortgage. Therefore, in effect, you would make a capital saving. Conversely, if the exchange rate of your domestic currency is to weaken against the currency in which the mortgage is denominated, then it would cost you more in your domestic currency to repay the mortgage. Therefore, you would make a capital loss.

Why using CurrencyChange for overseas mortgages?

We offer a simple, cost-effective and transparent service. We go even further by:

• Providing the best possible exchange rate:The vast volume of foreign currency that we move on a daily basis basis allows us to buy currency at wholesale rates that are not available to individuals and therefore pass on savings to you.
   
• Helping you to manage your foreign exchange risk:We monitor the currency movements on your behalf, ensuring you make transactions at the best time, at the best possible rates. You will be also able to use FX hedging tools, including Forward Contract.
   
• Delivering proactive & dedicated service:Our FX specialists are available to you at all times to advise on currency solutions - from initial currency quote to finalising the transactions.
   
• Maintaining the highest security standards:We keep strict conformity with industry security guidelines, ensuring your funds are safe and arrive at their destination accurately and on time.
  

   

  Call us on +44(0)207 373 2686 or email us on info@currencychange.com to talk to a professional consultant who will assist you on every step of the transaction.Click here and  we'll call you back.