These are mortgages where the loan has been drawn down in another currency which is not Sterling.
Such loans require careful consideration as they can be beneficial however the opposite also applies and in some cases borrowers have found the mortgage debt has increased because of currency movements.
Financial advice should be sought if considering such a mortgage.
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This content of this site is for
information purposes only, as a plain speaking introduction to mortgages.
No claim to the accuracy of information on this site is made and you
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