Currency Mortgages for Portugal
Tuesday, July 14th, 2009Multi-Currency Mortgage Lending in Portugal
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 working in the United Kingdom, who is paid in Sterling, purchasing a property in Portugal. The mortgage would normally be arranged in Euros, but can be arranged in Sterling 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 Portugal 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.