Simon Dewsberry Posted June 24, 2007 Report Share Posted June 24, 2007 Further thought...... Anyone investigated "foreign" or alternative currency deals and rates........................? was talking to an investor this afternoon who has got his mortgage in Yen but couldn't get full details as my shop was to busy to talk for long ! he left me with the impression he is paying around 3.5% ????????????????? In principle looks like "worth a look" although you are exposed to the exchange rate ............ In the light of the Sxxt mortgage deals around at the moment Let us bounce some ideas around on here .....any one got any .........!!!!!!!!!?????? Link to comment Share on other sites More sharing options...
shamsingh04 Posted June 24, 2007 Report Share Posted June 24, 2007 Hi Simon Apparently if you have an account with bank of India you can get 2.8%. Depending on if you have property there could find more info if you like. Sounds ify though.......... Sham Link to comment Share on other sites More sharing options...
roppa Posted June 26, 2007 Report Share Posted June 26, 2007 for some reason this flashes up memories of the bank that went "bust" not so long ago.. was it in argentina or some other south american country ?? if this is possible to get a loan from a bank aboard, living in, and purchasing in a country outside of the lending bank... then japan and borrowing in "yen" surly has to be the way to go.. see then interest rate's there at the moment ?? take a look.. http://www.boj.or.jp/en/ Link to comment Share on other sites More sharing options...
lauralivesartnouveau Posted June 26, 2007 Report Share Posted June 26, 2007 Hi Simon I thought this concept was called international money laundering I reckon that would trigger your UK tax enquiry Oliver Link to comment Share on other sites More sharing options...
Matthew Posted June 28, 2007 Report Share Posted June 28, 2007 Hi Simon, A guy was on here a few months back offering such services. i.e. 1 or 2 % interest rates in different currencies and also saying that they were experts in predicting the market that the interst saving would be small fry compared to the money made on positive exchanges. Have a search, you may find it. Sounds like a great idea, but I am fixed into deals at the moment so may reaserach in the future. SOunds like a way you could get very rich, very quick, but does sound like a big boys gamble. If debt increases by over 15% then it gets converted back to GBP to avoid mortgage getting too huge, that would be a bit gutting. Anyway, you be the giunea pig and let us all know how it goes :-) Ciao Link to comment Share on other sites More sharing options...
Simon Dewsberry Posted June 28, 2007 Author Report Share Posted June 28, 2007 Nice one Oliver !!!!!!!!!!haha Nothing wrong with my washing machine - it does the job just fine !!!!!!!!LOL Matt Cheers i'll change from the rodent to the guinea pig then !!!!!!!!!!!!!haaha Will research a bit more !! and let you know Simon Link to comment Share on other sites More sharing options...
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