|
|
Foreign currency mortgage |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Foreign currency mortgageIt is possible to get a mortgage for your home in the UK in a mortgage denominated in a foreign currency. It sometimes gives you the opportunity to borrow money at a lower rate of interest than is possible in the UK. You do this by choosing a currency whose country has lower interest rates than we have here. Lower interest rates should mean lower repayments of both capital and interest or a shorter mortgage term. The mortgage does not have to be in any single currency. There are lenders who will allow you to spread your mortgage across a range of different currencies. This could be seen as spreading the riskForeign currency mortgage Similar MatchesEurocurrency marketEurocurrency marketThe money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries where the currencies are issued as legal tender. Currency areaCurrency areaA group of countries that share a common currency. Originally defined by Mundell (1961) as a group that have fixed exchange rates among their national currencies. Currency depreciationCurrency depreciationSee depreciation. Currency futureCurrency futureA financial future contract for the delivery of a specified foreign currency. Reserve currencyReserve currencyA currency that is used as international reserves, often because it is an intervention currency. See also seigniorage. Further SuggestionsComptroller of the CurrencyCurrency depreciation Reporting currency European Currency Unit Hard currency eurocurrency Currency risk Currency swap Currency in circulation currency swap Currency arbitrage Currency reallignment Over-valued currency Currency risk sharing Currency put option Foreign currency futures contract Currency revaluation Common currency Currency basket Asian Currency Units (ACU) Virtual currency option Eurocurrency deposit Currency diversification Currency devaluation Strong Currency |
|
|
|