Currency mortgages
Mortgages in a range of foreign currencies
There are a number of reasons why a currency mortgage may be good for you. For example, you may want a mortgage in the same currency in which your income is paid, to avoid potentially expensive foreign currency conversions.
There are risks in borrowing money in foreign currencies, not least because of fluctuations in the exchange rate. We can advise if it's an option worth considering for you only after discussing your individual circumstances, and we can introduce you to our preferred tax advisers, Ernst & Young, who will be able to advise you of any tax issues around foreign currency mortgages.
Benefits of currency mortgages
The main benefit of a currency mortgage is that there is no need to switch between currencies. You can borrow in the same currency that your salary is paid in. Further, it is available for a term between 5 and 20 years.
Currency options
Mortgages are currently available in the following currencies: US dollars, euros, sterling, Japanese yen, Hong Kong dollars and Swiss francs.
Buying in the UK, borrowing in another currency
We offer mortgages for UK properties in a range of currencies apart from sterling, including US dollars, euros, Japanese yen, Hong Kong dollars and Swiss francs. Again, with a currency mortgage you can borrow in the currency in which your income is paid, enabling you to avoid potentially expensive currency conversions.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Remember that where the mortgage is denominated in a currency other than sterling, CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF THE DEBT.
For more information or to apply
Call us on +44 (0)1624 684305†
Terms and conditions apply to all mortgage products. We strongly recommend that you obtain your own independent tax advice before proceeding with an offshore mortgage.
Barclays will require a first legal charge over the property.
As a responsible lender, we only want you to borrow what you can afford, and in a way that is best for you. When considering your application, your financial circumstances will be assessed before we make a decision to lend money. And remember, if you should run into any financial difficulties, please contact us as soon as you become aware of them.
In all forms of advertising and marketing material where repayments are quoted, we will show clearly a typical Annual Percentage Rate (APR). We will also clearly indicate in all lending-related advertising issued in Jersey that we abide by the Code of Practice for Consumer Lending.
The products and services described on this page are provided by the following companies which are part of Barclays, Barclays Bank PLC in England and Wales and Barclays Private Clients International Limited in the Isle of Man, Jersey and Guernsey. For further information on these companies and Barclays please read the Important Information.
