Welcome to Offshore Mortgages and Multi Currency Mortgages

As many people are now looking overseas for the right investment property or second home, the options for financing this venture are expanding.  In the past, buyers have had two options available to them; re-mortgaging their own home to raise funds or apply to a local bank in their country of purchase for lending. 

There is however, another option.  Some offshore arms of well-known UK banks will offer an overseas mortgage secured against the foreign property and in the currency of your choice (offshore mortgages) and what’s more these mortgages can also include currency switching options (multi-currency mortgage). In addition a multi-currency mortgage can be managed for you (managed multi-currency mortgage).

Assetz Finance is pleased to be able to offer this additional route as we feel it is important to provide the widest range of financial solutions to our clients for their purchases as possible and not limit them to the traditional methods of finance.

Off-shore mortgages – choose the currency of your mortgage, deal with an offshore arm of a UK bank you can trust

You can now secure a mortgage (or re-mortgage) on an overseas or even UK based property in a wide range of currencies for your convenience. You can choose the currency that you are paid your employment income, the currency of your rental income from the property or a currency that uses a lower base rate and therefore interest rate.

To read more on the benefits of offshore mortgages please click here or alternatively to request a call back from one of our advisors please click here. 

Multi-currency mortgages – a rare type of finance now available through Assetz Finance

It could well be more appropriate and cost efficient for some borrowers to take out a mortgage in one currency today and retain an option to convert it to another currency at a later date. And this too is now possible through Assetz Finance.

For example, a borrower may choose to take out a mortgage in Sterling today and later switch to Canadian Dollars should movements in exchange rates present an opportunity to minimise the interest cost of the mortgage or should his or her principle source of income change from Sterling to Canadian Dollars due to relocation for example.

For a call back from one of our advisors and to proceed with a decision in principle please click here.

For more on the benefits of multi-currency mortgages please click here.

However care must be exercised when switching currency as significant movements in exchange rates can occur very quickly and could of course change for better or for worse.  For this reason we advise that you utilise the Managed Currency Mortgage Service of our carefully selected and experienced partner who will advise you on when currency switching should be carried out.

To be contacted by our managed multi-currency mortgage partner please click here.

For more information on managed currency mortgages please click here.

Off-shore mortgages and multi-currency mortgages are only available on certain property purchases and borrowers must meet certain criteria.

To speak with a member of the Assetz Finance team please call 0845 400 8000