How does the currency switching work?
Subject to qualification criteria and availability which varies from time to time, when currency switching options are provided, you are allowed to switch the currency of your mortgage throughout the life of the loan. • The first two switches in a calendar year are free of charge. Thereafter, switches are subject to a charge of USD150 (subject to provider). • We offer advice on this service. Any currency switching requires an instruction from you, with at least 3 working days notice. Switches in currencies, other than from GBP, generally take place every three months when your repayments are due. • Forward exchange contracts can be arranged at our sole discretion for settlement of your mortgage, providing these coincide with your next scheduled payment. To get a personal quote and a Lifestyle mortgage report showing exactly just how much you can save, contact Lifestyle Brokers now. Register for more information about managed international multi-currency mortgages.
