USD Mortgage on UK Property?

[boysey]

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]

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

[2something]

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]

Borrowing using foreign currencies is extremely risky. It was the key reason why Freddy Laker's airline went bust in 1982.