hi,

www.millionairemortgagesecrets.co.uk/

anybody used this?

So far I have found the following info.....

www.investec.com/UnitedKingdom/PrivateBank/Mortgages/ Articles/
www.themortgageexplorer.co.uk/Foreign_Currency_Mortga ge.htm
www.standardchartered.com/je/banking/banking_credit.h tml
www.financeandsales.com/
www.lloydstsb-offshore.com/International/Mortgage/

Any feed back on this welcome
Thanks
yoda

Have looked at this carfully and this is what I think...
All they are doing is remortgaging in Swiss francs or in Yen--The YEN interest rate is currently .5% What they neglect to inform you is that there is a currency risk and the level of risk is directly proportional to the savings you make. This is called the CARRY TRADE and it all unwound in the last few weeks when the credit crisis started. People were borrowing in Yen at .5% and depositing in NewZealand at say 8% and pocketing the difference. However when the credit crisis started people got worried and rushed the buy Yen to pay back their Yen loans, the Yen soared causing their repayment of the principle too soar likewise---you might be saving 50k a year but owe 200k extra in principle due to currency risk

Regards
yoda

I read your initial post and am still thinking about this. I think there is probably a way to lower your payments this way and cover the risk. I would be interested to know the fee that is charged everytime you change your outstanding balance to another currency.

if you want to bet on currencies try http://www.oanda.com/, they allow you to trade different currencies and pay interest. It should give you an idea of what the risks are of getting a large foreign mortgage.