Why multi-currency mortgages?
There are three main benefits to managed currency mortgages: • Interest rate savings. • Reduction in the capital value of the debt. For example, if we move your debt into the Japanese yen and the yen falls by 10% against the pound then your debt is 10% smaller than when we started. • Tax efficiency. For private individuals borrowing against their main residence the benefits of the programme are tax free. Under current UK tax legislation, we are advised that the Inland Revenue does not regard reductions in the sterling equivalent of a mortgage – as opposed to gains on assets – to be liable to Capital Gains tax, if such gains are made by individuals in the context of borrowing secured on their main residence. To get a personal quote and a Lifestyle mortgage report showing exactly just how much you can save, contact Lifestyle Brokers now. Register for more information about managed international multi-currency mortgages.
