International Mortgage News

Multi-Currency Mortgage Lending in Canada

This service is designed for customers planning to purchase properties outside their country of residence.

Where a client is associated with a particular currency via their earnings or assets, it can make sense, to borrow in that particular currency. An example being someone who is paid in Swiss Francs, purchasing a property in Canada. The mortgage would normally be arranged in Canadian Dollars, but can be arranged in Swiss Francs to minimise the clients exposure to regular exchange rate shifts.

Currencies available include: Sterling, Euros, Swiss Francs, US Dollars, Hong Kong Dollars, Singapore Dollars, Australian Dollars, New Zealand Dollars and Japanese Yen.

Currently lending of this type can be arranged in Canada to a maximum of 70% of the value of the property.

Details correct at 14/07/09

Individuals must demonstrate adequate net asset value and disposable income to service the loan.

Want to find out more information, please contact us via our website: www.international-mortgage-broker.com

www.international-mortgage-broker.com and IMB Financial Solutions are trading names of Julian Myles Fidler

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

Mortgages for Foreign Nationals Buying in Canada

Detalis are correct as at November 4th 2008.

Rates from 5.75%, available up to 75% of the value of the property on a 5 year fixed rate.

We do have variable rate products available; however due to the current economic climate, these are more expensive.

Canada has one of the most secure banking systems in the World.  To date it has not had one single failing bank and the Government has not added a single penny to their banking system.

Average detached home prices nationwide are approx. $350K Canadian or $300K American.

We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in Canada, already found your new property, or currently have a mortgage on your Canadian home and wish to save money, we may be able to help.

Want to find out more information, please click contact me via my website:  www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.