A multi-currency mortgage is an investment product in which the debt can be periodically switched between different major currencies.
USD, Sterling, Euros, and Japanese Yen. This is different from a foreign currency mortgage in which the debt is in a foreign currency for the entire life of the mortgage. Multi-currency mortgages are more flexible than foreign currency mortgages in that they can be switched between currencies to manage foreign exchange risk. This provides a great opportunity to overseas and regional property investors as it may also be used in your country of residence.
Borrowing in a foreign currency that has a lower interest rate than Sterling or US Dollars is an attractive proposition and offers the opportunity of sizeable reductions in monthly payments.
IFC group offers an extremely successful overseas and investment property purchase credit facility. It is both convenient and highly flexible, as this service is geared towards investors globally purchasing property in Great Britain, USA, Spain, France, Italy, Portugal, New Zealand and selected locations in Australia and Canada , as well as in Hong Kong and Singapore.
The multi-currency mortgage offers:
Competitive interest rates!!
- Multi-currency loan facilities (Available in nine currencies allowing you to borrow in either the currency of your income, assets, or other to obtain low interest rates)
- Free currency switching option (Combined with multi-currency loan facilities and subject to status and conditions, we allow currency switching between apporved currencies)
- Free pre-approved financing (If you intend to buy overseas property, take advantage of our pre-approved financing. No fee or comitment required)
- No penalty for rental / buy-to-let properties
- No penalty for early payments
- Up to 100% financing available (Subject to credit status and additional security)
- Flexible repayment methods
You can choose from a wide range of repayment methods to suit your personal needs:
- Principal plus interest instalments
- Interest only plus savings plan
- Interest only plus lump sum investment or deposits
- Interest only (normal LTV reduced by 5%). Reviewed after 5 years
