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RESIDENTIAL FOREIGN CURRENCY MORTGAGES


A foreign currency mortgage is a mortgage where the loan is: 
i) Denominated in a currency other than that in which the consumer receives the income or holds the assets from which the credit is to be repaid; or 

ii) Denominated in a currency other then that of the EEA State in which the consumer is resident

For example, if you live in the UK but are paid in euros or dollars, or the assets that you intend to use to repay the mortgage are held in euros or dollars, then you would be taking out a Foreign Currency Mortgage. 

Borrowers should ensure they understand the implications of having a foreign currency mortgage and that they are able to continue to make their mortgage payments/repay their mortgage in the event of movements in exchange rate. Please seek independent financial advice if you have any concerns in this respect.

All our residential mortgages are available as Foreign Currency Mortgages however there may be additional arrangement fees and an administration fee of £500 will be added. Harrods Bank only issues mortgages in Sterling.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
REPAYMENTS ON YOUR MORTGAGE