Managed Currency Mortgage HK and Overseas

The currency mortgage is offered by a number of large well known international banks all of whom have a presence locally in Hong Kong. This presence simplifies the whole application process as you are dealing with and getting decisions from people who are on the same time zone as you. The main benefit of borrowing in a different currency is to reduce interest rates and therefore reduce outgoings. If the property is for investment purposes and is rented out then it also gives positive cash flow and makes the investment self sufficient allowing owners to sit back and benefit from long term capital appreciation from their investment without the necessity for them to support the investment on an ongoing basis. In addition to the above benefits the mortgage can then be managed on an ongoing basis and capital borrowings can be significantly reduced over time by taking advantage of exchange rate movements.   Qualifying loans must be HK$ 1,500,000 or above and interest rates can be reduced by up to 75%

The service that LBL provide is twofold:

• to recommend a currency at drawdown of the loan that is the most suited to your asset.
• on an ongoing basis to offer advice and guidance as to when it’s appropriate to switch currency.

The net result of any switches is to reduce outgoings or to reduce debt, two things that property owners are keen to achieve.

LBL offer an ongoing subscription service to their clients called 'Options' which is designed to meet both the above objectives. Having successfully guided you through the application process we then recommend a currency at drawdown of the loan that is the most suited to your asset, this currency is likely to offer interest rate savings from day one. The next and more intricate part of the service is to offer ongoing advice and guidance as to when it’s appropriate to switch currency which can be done four times a year. The net result of any switch is to reduce outgoings or to reduce debt, two things that today’s property owners are keen to achieve.  

Assuming that conditions are right if you had a current mortgage of HK$ 2,000,000 you could reduce outgoings from HK$ 8,333 per month to HK$ 4,333.

Unlike other companies offering a similar service LBL do not speculate on FX markets or play monopoly with your mortgage, we offer an advisory service and cannot switch the currency of your loan without your permission. We always manage your mortgage from a position of security rather than that of speculation. What that means is that we will never recommend that you put your mortgage into a currency that will increase your outgoings in the short term but may reduce your debt in the future. We always look to find a currency that reduces outgoings today with the added benefit and ability to reduce borrowings in the future; if this cannot be achieved immediately then we wait until the time is right.

In order to find out whether we can help you start saving now please complete the form below and one of our Consultants will call you and guide you through the process.

Managed Currency Mortgage Application