Foreign Currency Mortgage

If you are a foreign national buying property in the UK using a foreign currency, a foreign currency mortgage can be an extremely useful tool.

Foreign currency mortgages can be taken out on both overseas and UK property allowing you to take out a loan in whichever currency is appropriate – for example, from US Dollars to Euros or from Japanese Yen to GBP.

In the case of a UK property purchase, a foreign currency mortgage will be converted into sterling, but the value of the debt will be in the foreign currency as will the interest paid. As standard, the mortgage is paid in monthly instalments, converted in to your foreign currency at current foreign exchange (FX) rates.