Foreign Currency Mortgages
Japanese YEN (JPY) Currency Denominated Mortgages for UK Property
Convert your UK mortgage into Japanese YEN currency mortgage and take advantage of Bank of Japan interest rates (currently 0.5%).  These mortgages are for Domestic Residential Property, Buy-To-Let portfolios and commercial property.

'Foreign Multi-Currency Mortgages for UK Property' Denominated in Japanese YEN
Ever considered switching your mortgage debt for your UK home or BTL property into another currency? Gain financial leverage of international currency trading and benefit from lower interest rates. You could significantly reduce the cost of your borrowing against your UK property with a Japanese YEN foreign-currency mortgage. With the Bank of Japan's interest rate remaning at 0.5% PA you could enjoy significant interest savings while paying off your mortgage far earlier compared to conventional interest-only Sterling UK LIBOR based mortgage.

For more information on multi-currency mortgages call us on 0117 2232 050

Foreign Currency Mortgages: YEN MORTGAGES ¥

Take advantage for the low interest rates of the Japanese YEN. We can offer mortgages arranged for UK property from Major Japanese banks lending into the UK property offering YEN based currency mortgages.

The yen is the third most traded currency in the foreign exchange after the US Dollar and the Euro.

Yen Mortgages for professional clients with good credit requiring a maximum of between 65% and 70% Loan to value. Secured by first legal charge on residential and buy-to-let. Commercial property also considered.

Residential and Buy-to-Let portfolio professionally managed multi currency mortgage accounts. Switch your mortgage borrowing into lower interest rates against LIBOR.

The following major currency denominations are also available for switching the loan into and out of: Swiss Franc, Japanese Yen, Euro, United States Dollar, Canadian Dollar and Australian Dollar. If you have some experience of the foreign exchange markets or experience with trading platforms such as forex (fxcm) real-time international currency trading, you could also manage your own mortgage account switching debt between currencies yourself. Alternatively we can appoint the services of a professional currency manager to do this for you, managing your entire debt over the term of the mortgage for the most efficient debt reduction. This is acheived by selectively switching your mortgage balance (or portions of it) between currencies as they weaken against the sterling.

Example of effective debt reduction through multi-currency mortgages:

A client's sterling mortgage of £1,000,000 advanced in 1988 was remortgaged to a multi-currency loan, professionally managed the mortgage balance was reduced to a nil balance by 2003 without the client paying a penny more than the sterling interest-only mortgage payments. The account was continued to be managed to a position with a credit balance worth £206,884 as of Dec 2006.

Example of how Debt Reduction works :
A Mortgage value of £1million Stirling converted into Yen when the rate of exchange was 180 (Yen to the Pound) the value of the debt in Yen is ¥180 million. But if the Yen weakened to 200 to the Pound, converting the mortgage back into sterling would cut the loan to £900,000, saving £100,000 of the mortgage through the currency movements.

Tax Efficient Borrowing: Under the current UK tax legislation, reductions in the sterling equivalent of a mortgage would not be liable to Capital Gains Tax where borrowing is secured on the main residence. A reduction on paying less interest on a mortgage would not be taxed as additional income. We would reccomend that you talk to your tax adviser or accountant on how you may be affected.

Other major currency mortgages and currency debt swaps:

 Japan Yen (JPY) ¥ Mortgage

 Swiss Franc (CHF) Mortgage

 US Dollar (USD) $ Mortgage

 Canadian Dollar (CAD) $ Mortgage

 Australian Dollar (AUD) Mortgage

 Euro Mortgage (EUR)  €

Major Currency Interest Rates

Country
  Rate Name
  Currency  Rate  Last Change
Japan
   Uncollateralized Overnight Call Rate
   JPY
  0.50%
   21-Feb-07
 
Switzerland
   Repo Overnight Rate
   CHF
  2.75%
   14-sep-07
 
Canada
   Target Key Interest Rate
   CAD
  3.00%
  22-apr-08
 
European Union
   Main Refinancing Rate
   EUR
  4.00%
   06-Jun-07
 
United Kingdom
   Official Bank Rate
   GBP
  5.00%
  10-apr-08
 
USA
   Federal Funds Target Rate
   USD
  2.00%  30-apr-08
 

Interest rate Data by

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Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it. Exchange rate movement may affect the Sterling equivalent of your debt.

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