Foreign Currency Mortgages

A foreign currency mortgage offers several substantial advantages to international property investors. These include:

Foreign currency mortgages provide investors a solution to credit difficulties through financing at low interest rates. Given foreign exchange rate volatility, interest rate fluctuations can be substantial, which can be to both the benefit and detriment of property investors. Healy Consultants can offer independent recommendations on foreign currency mortgage strategy.

Foreign currency mortgages may also be available for longer fixed rate terms than in our clients’ home country. This enables the security of being able to budget for repayments on a long-term basis.

Potential to reduce capital debt – a key advantage of foreign currency mortgages is the ability to switch currencies and benefit from exchange rate fluctuations. For example, if a mortgage is taken out in Singapore dollars and the Singapore dollar falls by 5% against the pound Sterling (for a UK investor), the mortgage debt is reduced by 5% than on origination.

The foreign currency mortgage repayments are made in the foreign currency. This is normally achieved by converting your mortgage payments from your own currency into the currency of the mortgage. An authomatic conversion can be arranged.

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Healy Consultants assists international property investors to obtain foreign currency mortgages. Our services include but are not limited to i) providing recommendations on the most suitable bank and location for the mortgage ii) negotiating home loan terms and conditions on behalf of our client iii) preparing the mortgage application and submitting it to the bank iv) following up on the application and providing any additional information to the bank if required.