largemortgageloans.com launches UK’s first multi-currency offset mortgage product

largemortgageloans.com launches UK’s first
multi-currency offset mortgage product
29th April 2010

A private bank has agreed to provide largemortgageloans.com with funding for what is believed to be the first multi-currency offset mortgage to be launched in the UK.

The mortgage assists international buyers of million pound UK properties as the loan is agreed in Sterling against residential properties and the client has the ability to offset cash in Sterling, US Dollars, Euro or Swiss francs against the loan. The cash and the currency of the cash can change on a monthly basis.

Paul Welch, Managing Director of largemortgageloans.com comments:

“This arrangement will give excellent flexibility to high net worth individuals who do not wish to move other currencies into Sterling but wish to offset currency funds against their loan.”

ENDS

Notes for Editors
Contact – Paul Welch, Managing Director of largemortgageloans.com:

telephone: 020 7519 4900

e-mail: paul.welch@largemortgageloans.com

  • was voted Large Loans Broker of The Year at the 2009 British Mortgage Awards
  • was the first mortgage broker in the UK to specialise in arranging large mortgages
  • is placing a steady stream of large mortgages, even in the current lending environment
  • has expertise and experience in creating a tailored solution for brokers and their clients
  • caters for foreign nationals, British expats, UK residents earning in foreign currencies and ‘non-domiciled’ UK residents
  • helps find the right foreign currency mortgage for those who are prepared to consider more risk
  • never forgets whose client it is – the broker’s – and guarantees not to cross-sell any other products

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Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home.  

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: www.fca.org.uk.  The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending.  

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.  

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