Currency Mortgages

A foreign currency mortgage is a mortgage where the loan is drawn down in a currency other than the denominated currency of the asset. Foreign currency mortgages are most appropriate when you earn income in a currency other than the denominated asset. The currency mortgage service is primarily geared towards investors globally purchasing residential property abroad for investment, buy to let and in some cases, for holiday home purposes*. It is not available for the acquisition of a principal place of residence (except Hong Kong & Singapore).

The product is highly flexible and provides the following:-

• Multi-jurisdictional coverageGreat Britain, Spain¹, France¹, Portugal¹, New Zealand and selected locations in Australia, Canada and the USA, as well as in Dubai, Hong Kong and Singapore.
• Competitive interest rates (refer to individual Countries for specific terms / rates)
• Multi-currency loan facilities²
• Available in Sterling, US Dollars, Euro, Australian Dollars, New Zealand Dollars, Canadian Dollars, Japanese Yen, Swiss Francs, Hong Kong Dollars Singapore Dollars.
• Free currency switching option
• Combined with multi-currency loan facilities, and subject to status and conditions, we allow currency switching between approved currencies.
• Free Decision in Principle (DIP)
• If you intend to buy overseas property, take advantage of our pre-approved financing. No fee or commitment is required.
• No penalty for buy-to-let properties
• Up to 100% financing available (subject to credit status and additional security)
• Maximum repayment term of up to 30 years or 70 years of age, whichever is the earlier - including interest only loans.
• Free direct debits to service your loan repayments. when you open an international account with the bank
  

* Please note that the service is principally designed for customers planning to purchase properties outside their country of residence. We can provide mortgages for owner occupation in Hong Kong and Singapore , but not in other countries . Other restrictions related to property use may also apply and details are available upon request.

Please also note that we would normally not provide financing for certain types of property such as serviced apartments, resorts, golf course properties, student accommodation or former local authority or public housing.

¹	Not available to corporate and trust structures as well as to those cases where the borrower(s) of the loan and the owner(s) of the property are not the same person(s). Foreign borrowers are required to obtain a Non-Resident Buyers' Identification Number (NIE) before purchasing a Spanish property and are advised to seek their own legal advice with regard to the application for a NIE.
²	Subject to qualification criteria and availability which varies from time to time.