International Currency Mortgage (ICM)
The International Currency Mortgage (ICM) allows you to finance your property and take advantage of borrowing in currencies other than the base currency of where the property is located, which allows you to benefit from interest rates as low as 2%. Lifestyle offer a highly innovative and flexible international mortgage service, through some of the world’s leading financial institutions to help clients reduce their monthly costs when buying a property. This international mortgage service is specifically tailored to meet the needs of individuals buying or refinancing properties outside their country of residence, offering a unique multi-currency, multi-jurisdictional loan facility for residential properties in Australia, Canada, Dubai, France, Great Britain, Hong Kong, New Zealand, Portugal, Singapore, Spain & USA.
Major benefits include:
- Competitive interest only rates
- No penalty for early repayment or letting
- Loan up to 75% of property valuation/70% Hong Kong
- Maximum repayment term of up to 30 years or age 70
- A wide range of loan repayment options
- Free advance credit line service
- Free currency switching service
In order to benefit fully from the currency mortgage LBL strongly recommend that all clients subscribe to the Lifestyle 'Options' Service. This is our commitment to achieving maximum efficiency from the ICM and offers ongoing guidance regarding currency switches. The net effect of any switch is to achieve a reduction in outgoings or a reduction in borrowing.
To benefit from a Lifestyle mortgage and to learn more about the International Currency Mortgage and 'Options' contact us now.
