Single Currency Mortgage Made Easy

[SCM]

I am an agent for an Irish brokerage firm offering single currency mortgages throughout the UK and Ireland on residential and commercial property (excl hotel, bar, restaurants). Please see basics of the deal offered below.

Portfolios considered should have :

LTV up to 75%

at least 100% rental cover

Proof of earnings / accounts

Income independent of rental income

Certified Statement of affairs



Features are :

Between 1.0% and 1.5% margin above base rate ie typical yen mortgage rate 1.75%

Payments are quarterly in arrears

Money can be moved at no cost

Pre agreed conversion point

Currency advice provided by independent third party



Costs are :

1%+ arrangement fee

Surveys and legal costs are borne by the applicant chosen from pre-approved providers

Bank pays for its own legals



*Level of indebtedness can rise as well as fall

 

[stevenpenny]

You could be the answer to my prayers

Hi,

I have a client looking to raise capital on UK based BTL properties up to 75% LTV in foreigh currencies. He has/will have upwards of £500,000 to use as deposit(s) and wants to build a portfolio of approximately 50 properties within the next 2 years.

He has suggested the Yen as this will provide a decent margin for him. Perhaps we could talk. My office number is 01383 737755.

Thanks

Steve Penny
Canmore Financial Services

I am an agent for an Irish brokerage firm offering single currency mortgages throughout the UK and Ireland on residential and commercial property (excl hotel, bar, restaurants). Please see basics of the deal offered below.

Portfolios considered should have :

LTV up to 75%

at least 100% rental cover

Proof of earnings / accounts

Income independent of rental income

Certified Statement of affairs



Features are :

Between 1.0% and 1.5% margin above base rate ie typical yen mortgage rate 1.75%

Payments are quarterly in arrears

Money can be moved at no cost

Pre agreed conversion point

Currency advice provided by independent third party



Costs are :

1%+ arrangement fee

Surveys and legal costs are borne by the applicant chosen from pre-approved providers

Bank pays for its own legals



*Level of indebtedness can rise as well as fall