Until recently currency mortgages were reserved for Blue Chip Companies or extremely High Net Worth Individuals. In association with an offshore division of the UK high street bank LloydsTSB we are in a position to offer International Currency Mortgages enabling our clients to borrow at "preferential" rates***.

You now have the opportunity to take advantage of currency fluctuations and with your dedicated Currency Manager* you can be assured that you will always receive the best possible rate of interest. A fluctuation in your favour can be utilised in two ways:

• Your monthly / quarterly payment would be reduced.
• You maintain the level of payment however the "over payment" you make would reduce your principal borrowings.

Interest Rates are dependant on two factors:

• The country where the property is to be purchased.
• The base currency which the mortgage is to be taken out in.

Payment is made quarterly in arrears. You have the option of either Interest Only of Savings Plan (Repayment Type), if you opt for Savings Plan your contract will be with an Offshore division of a UK recognised Investment / Life company.

Please contact us for further details or for a representative to contact you.

This service is primarily geared towards investors globally purchasing residential property abroad for investment, buy to let and in some cases, for holiday home purposes^#.

Our range of flexible overseas mortgages offers:

• Multi-jurisdictional coverage:
  Great Britain, Spain*, France*, Portugal*, New Zealand and selected locations in Australia, Canada and the USA, as well as in Dubai, Hong Kong and Singapore.
• Competitive interest rates
• Multi-currency loan facilities**
  Available in Sterling, US Dollars, Euro, Australian Dollars, New Zealand Dollars, Canadian Dollars, Japanese Yen (for Yen income earners only),Swiss Franc, Hong Kong Dollars and Singapore Dollars (for SGD income earners only or loans secured against property in Singapore).

• Free currency switching option
  Combined with multi-currency loan facilities, and subject to status and conditions, we allow currency switching between approved currencies.

• Free Decision in Principle (DIP)
  If you intend to buy overseas property, take advantage of our pre-approved financing. No fee or commitment is required.

• No penalty for buy-to-let properties
• No penalty for early repayments that coincide with interest rollover dates.
• Up to 100% financing available (subject to credit status and additional security)
• Maximum repayment term of up to 30 years or 70 years of age, whichever is the earlier - including interest only loans.

^# Please note that the service is principally designed for customers planning to purchase properties outside their country of residence. We can provide mortgages for owner occupation in Hong Kong and Singapore , but not in other countries . Other restrictions related to property use may also apply and details are available upon request.

Please also note that we would normally not provide financing for certain types of property such as serviced apartments, resorts, golf course properties, student accommodation or former local authority or public housing.

*	Not available to corporate and trust structures as well as to those cases where the borrower(s) of the loan and the owner(s) of the property are not the same person(s). Foreign borrowers are required to obtain a Non-Resident Buyers' Identification Number (NIE) before purchasing a Spanish property and are advised to seek their own legal advice with regard to the application for a NIE.
**	Subject to qualification criteria and availability which varies from time to time.

*Quarterly Currency Management Fees Apply.
** Initial Charges Apply - Application (non refundable), Valuation, Acceptance.
*** Interest Rates May Rise Aswell As Fall
**** Broker fees may apply