Useful Links For Currency Mortgages

This page contains useful links to third party providers of Currency Mortgage related products.  We do not provide the details of Currency Mortgage Specialists, Lenders or Forex Specialist and Fund Managers here.  Please refer to our Find a Lender and Meet Investors sections, which are more effective resources for contacting these specialist providers.

Currency Exchange Providers

The services of a good currency exchange provider will be essential for those with a Single Currency Mortgage, needing to make deposits into a foreign bank account to service mortgage payments.  Some lenders, especially those in Japanese Yen require a bank account in their currency with sufficient funds for up to six months of mortgage payments.  Currency Exchange Providers will give you the best possible rate, better than any commercial bank and may also give up to two years of forward buying facility.  This means that you can lock in the current exchange rate and effectively remove currency fluctuations from your mortgage costs.  The risks associated with the capital amount and interest rate increases remains relevant, see further resources for more information on this.

Smart Currency Exchange

Smart specialise in finding the best rates for larger exchange transactions, such as deposits for purchases in foreign destinations.  They also provide all currency exchange services and have extensive information on the process and its advantages.

Credit Care

Currency Mortgage Products are assessed on the credit status of the prospective mortgagors and their ability to service the debt.  Lenders are generally more cautious because of the added currency risk and coupled with the September 2007 credit crunch in the USA, it is advised that mortgagors are in full control of their credit status.

Experian

Experian’s Credit Report for UK users should be your first point of call and make sure you give continued care of your credit record.

Equifax

Our other clients, especially those in the USA may use Experian’s Score Program to be more suitable for improving their credit record