Here at IMCM, we will evaluate every enquiry on it's merits. However, the following minimum requirements will give you an idea of what's needed to qualify for a multi currency mortgage.
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Minimum joint income of £100,000 per annum - this can include salary, dividends, pension and investment income
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Minimum loan requirement of £250,000 - no maximum
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Maximum loan to value (ltv) of 72% - ltv = loan required divided by property value
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Comfortable with associated risks and able to afford any increased mortgage costs
If you require a higher loan to value and wish to borrow over £1 million pounds - special circumstances will allow us to recommend up to 90% loan to value
If you are just slightly out on the above criteria, or are 'asset rich' - please contact us anyway. We may well be able to help, as we have a great relationship with the lenders and we can get them to look at each application on it's merits.
One final word on whether a mortgage is right for you - if you are looking to join the scheme just to take advantage of lower interest rates, then the schemes that we offer are unlikely to be suitable. This is because the primary goal of any currency manager is to reduce the debt. Sometimes, this may mean that that manager either retains a position in sterling or switch into another currency that has a higher interest rate - if they feel that this would reduce your debt.
