Euro mortgage for my UK property

What country are they in?

In Germany such low rates are traded off against a 20 year fixed term with exceptionally large early redemptiuon penalties. You also cannot get much more than 60% LTV.

In theory you can. It will be on their standard terms, not UK bank's standard terms.

Between 1997 and 2000 the GBP-EUR rate moved 45%.

Because they perceive (correctly IMHO) that there would not be the demand to justify the expense.

tim

Euro mortgages are available in the UK, Abbey Nat and Barclays spring to mind. The catch is that borrowers must have their income paid in euros for the very sensible reason that they don't want their mortgagees trapped by adverse currency movements.

In any case you can probably pick up a two year fixed rate for less than 3.5%.

An IOD study by their chief economist Graeme Leach, reckons that the long term cost of loans, comparing the Uk to the eurozone, is roughly equal.

Rgds

__ Richard Buttrey Grappenhall, Cheshire, UK __________________________

Are you paid in Euros? If not, you'll lose money every time you change some sterling into Euros in order to pay it. maybe 4 or 5% loss doing that? You'd have to factor that increased cost in.