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
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
