12 & 17 Pepper Street
Docklands, London
E14 9QY
brokers@sophisticatedmortgages.com

We offer 2 services to your clients:

1) Currency mortgages

The overall objective of the multi-currency mortgage management programme is to reduce the size of your mortgage by borrowing in currencies which fall in value against sterling; and reduce the cost of servicing the debt by borrowing in currencies which have a lower interest rate than sterling.

The three main benefits of a managed multi-currency mortgage are:

• Debt Reduction - This is achieved by switching your mortgage between foreign currencies which weaken against sterling.
• Interest Rate Savings - This is achieved through borrowing in one or more low-interest rate currencies.
• Tax Efficiency - For private individuals borrowing against their main residence the benefits of the programme are currently tax efficient.

However with these potential benefits come risks, and foreign currency loans should not be considered by anyone who is unable to afford the financial implications of a permanent increase in their loan and the resulting higher sterling interest rate payments.

2) Mortgage tax planning

It is important to be aware that owning real estate in the UK can have tax implications – even if you do not live in the UK. The use of a tailored mortgage product can have tax benefits in addition to its other attractions.

The right solution for you will depend on your particular circumstances. In particular, your tax position in the UK will depend on whether or not you are resident and/or domiciled here .