Reducing your currency exchange risk.
Variable repayments and the option to overpay or make lump sum payments whenever you like.
A Currency Mortgage can let you to take advantage of different interest rates from those charged on sterling mortgages. Interest is calculated at a margin above the money market rate for that currency. Interest rates are usually fixed for six or twelve months.
To make your mortgage payments, you will need a currency current account.
Currency mortgages can be used for all normal mortgage purposes, such as purchase, remortgage or buying a second home in the UK or abroad. Your main UK residence must be used as security.
Currency mortgages are only suitable if you have income or assets in a currency other than sterling.
We might ask for additional security, or you may have to reduce the amount of your mortgage, if exchange rate changes cause the sterling value of your loan to exceed a stated percentage of the property’s valuation.
Adam & Company offers currency mortgages in major currencies, including:
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
CHANGES IN EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT
OVER 18'S ONLY.
To find out more about how a currency mortgage from Adam & Company can meet your individual needs, please contact your Relationship Manager.
If you wish to become a client of Adam & Company, please complete this form or contact us on +44 (0)131 225 8484.
This scale of charges is effective from November 2012.
Investment Management Tariff (PDF, 72kb)
This scale of charges for private clients is effective from September 2012.
Adam & Company - Scale of charges - Banking services (PDF, 83kb)
This scale of charges for international clients is effective from January 2012.
Adam International - Scale of charges - Banking services (PDF, 86kb)
A Guide to the Lending Code for Consumers (PDF, 259kb)
A Guide to the Lending Code for Micro-Enterprises (PDF, 249kb)
