Welcome to Assetz Finance Managed Multi-Currency Mortgage Enquiry Page
Assetz Finance works with a large panel of UK and Overseas mortgage brokers, lending institutes, banks and financial institutes in order to offer all of the financial services property purchasers require.
Thanks to the relationship built up with one of these partners we are now able to offer managed multi-currency mortgages to our clients. To read more about multi-currency mortgages please click here.
Our Partner in this field draws on the collective experience of its Investment Committee to make currency trading decisions for you. This committee comprises a group of highly respected analysts and strategists from a wide range of financial and economic backgrounds, who advise governments, central banks and some of the world’s largest institutions. You can now make the most of their experience and knowledge in order to manage your currency mortgage and secure you the advantages of this type of finance.
Please be aware of the Lending Criteria and Other Important Information sections below before completing an enquiry form.
Lending Criteria which must be met for Managed Multi-Currency Mortgages:
- Minimum principle earner's income £100,000 (total net worth also taken into account)
- Minimum loan size of £250,000 or equivalent
- Loan size to property value limited to 65%
- Fully constructed property (no off-plan property)
- Residential, Buy-to-lets & Commercial
All loans are interest only
If your purchase fits the above criteria please do not hesitate to complete the below enquiry form so that one of our partner’s consultants can get in touch with you to discuss your requirements further.
|
|
Other Important Information
Foreign exchange movements can be sudden and substantial. At no stage should you expose yourself to the high risks of foreign currency exposures if you are not able to afford the potential losses that could result from sizeable adverse currency movements and the higher interest rate servicing costs that would be required of you in the event of your having a larger debt.
Denominating debt in foreign currencies may not be suitable for you. Changes in the exchange rate may increase the sterling equivalent of your debt. Your lender will not tolerate too great an increase in the sterling equivalent of your debt as a result of currency losses and may opt to convert your debt back into sterling at a predetermined level. This may result in a permanent increase in the sterling equivalent of your debt which is not fully compensated for by any other benefits derived during the course of our Partner’s discretionary currency debt management services. In this event, you could be left paying UK interest rates on a larger amount of sterling debt than that you originally borrowed.
Your lending bank sets a ‘Conversion Limit’ at which level they have the right to convert your managed multi-currency mortgage back into sterling to prevent further currency losses. It is important to understand that this is a right of your lending bank and not an obligation and that if they do not act promptly to convert your loan back into sterling when your Conversion Limit is reached, your loan could increase by more than that specified by your Conversion Limit.
Our Partner may from time to time transfer your loan into foreign currencies with higher interest rates than sterling with the objective of achieving a debt reduction in that currency.
Sterling interest rates are subject to change and the differential between sterling interest rates and the interest rates of other foreign currencies will fluctuate.
The markets or financial instruments discussed herein may not be suitable for all investors and investors must make their own investment or participation decisions using their own independent advisors as they believe necessary and based upon their specific financial situations and investment objectives. Past performance should not be seen as an indication of future performance, and should not therefore form the basis of a decision whether or not to buy or sell any investments or financial instruments or to participate in any particular trading strategy mentioned herein.
Our Partner is authorised and regulated by the Financial Services Authority.
In respect of managing physical liabilities in foreign currencies, Our Partner monitors the foreign exchange markets on a spot basis and issues switch instructions to lending banks on a spot basis. Neither of these activities is currently regulated by the Financial Services & Markets Act 2000 in instances whereby the delivery date of any foreign exchange transaction executed as a consequence of an instruction issued by Our Partner is less than seven days hence.
Accordingly, please note that the management of physical liabilities in foreign currencies - where the delivery date of foreign exchange transactions executed on
To speak with a member of the Assetz Finance team
please call 0845 400 8000 |
|
