USD Mortgage on UK Property?
USD Mortgage on UK Property?
Author
Discussion

boysey

Original Poster:

117 posts

249 months

Wednesday 2nd April 2008
quotequote all
I was reading an interesting article the other day about someone who purchased their UK property using a USD mortgage to utilise the lower interest rates. Anyone know how this can be done? I guess there is some risks associated with what is going on with the US mortgage rates at the moment but wanted to investigate this a little more?

Thanks!

2 sMoKiN bArReLs

32,039 posts

265 months

Wednesday 2nd April 2008
quotequote all
To be safe you need a dollar income stream too I guess. (Otherwise exchange variations may be more than interest savings?)...oh! and a willing lender would be a helpful biggrin

2something

2,145 posts

238 months

Thursday 3rd April 2008
quotequote all
There have been a couple of threads about this, make sure you understand the big foreign exchange risk you are taking before you even consider doing this.

Eric Mc

125,795 posts

295 months

Thursday 3rd April 2008
quotequote all
Borrowing using foreign currencies is extremely risky. It was the key reason why Freddy Laker's airline went bust in 1982.