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Foreign Currency

For the more adventurous of you, you can hold your mortgage in the currency of your choice. You will of course be exposed to that country's interest rates which, may or may not be more volatile than that of the UK's.

Knowledge of the currency markets would be essential in choosing this type of mortgage and is probably not for the faint hearted!

 
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Nicholas Hall is an adviser with Julian Harris Mortgages Limited who are authorised and regulated by the Financial Conduct Authority. Your home may be repossessed if you do not keep up payments on a mortgage or loan secured on it. Written quotations available on request. All loans are subject to status. Some loans may require assignment of life assurance. Residential Mortgage transactions will not incur a broker's commission fee. THE STERLING EQUIVALENT OF YOUR MORTGAGE UNDER A FOREIGN CURRENCY MORTGAGE MAY BE INCREASED BY EXCHANGE RATE MOVEMENTS. Think carefully before securing other debts against your home.A typical APR for Adverse Credit/Credit Impaired mortgages is currently 7.2%.