The world's not such a bad place when you can
get a mortgage, remortgage or equity release
loan fixed for three years at 2.1%
Mark Foreman - Managing Director
Traditionally, the benefits of low rate multi-currency loans have only been available to high net worth individuals through selective private banks. These services have normally been provided by UK brokers such as Savills or Cluttons Private Finance, usually for loans exceeding 750K.
Times have changed! Our Japanese Yen (JPY) loans are now available to most home buyers. For example, a 200K multi-currency mortgage at 2.1% would only be 334.99 Euros per month (interest only). Minimum advances may apply according to country, property style and location.
Mortgages available for properties worldwide
From humble beginnings as a small Spanish mortgage broker to being one of Spain's largest, we are now able to provide our low rate multi-currency products throughout Europe, USA, Central and South America, the Middle East, Asia & Australia.
mortgages available for UK and Spanish properties...
lower rate of 1.81% for loans over 500k Euros...
established company since 2003...
over 500 mortgage applications approved in 2008...
multi-currency Term Assurance (protect against exchange rate fluctuation for a very low monthly premium - peace of mind!)
contact us today for a no-obligation quote...
free legal fees for applications - including Gestoria, Notary & property register fees, and unlike some lenders, you do not have to repay these fees if you surrender your mortgage within 5 years!
A multi-currency mortgage is a mortgage which is repayable in a currency other than the currency of the country in which the borrower is a resident.
The interest rate charged on a multi-currency mortgage is based on the interest rates applicable to the currency in which the mortgage is denominated and not the interest rates applicable to the borrower's own domestic currency. Our preferred Japanese Yen (JPY) mortgage is based on the Japanese Bank base rate which have hovered around zero percent for many years, unlike European rates.
Please visit our FAQ's page for answers to the most popular questions. These cover, amongst other issues ways in which you can protect yourself from fluctuating exchange rates.
Japanese Base Rate 0.1 %
How Do I Apply and what is the Criteria?
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Loans are available to a maximum 80% LTV for multi-currency mortgages. If you're a professional with an excellent employment record we may consider to 85%. Currently, the maximum advance for non multi-currency mortgages is 70% and in some cases 60%.
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Self cert loans are available for multi-currency mortgages
The yen is the third most traded currency in foreign exchange after the US Dollar and the Euro. For ease illustrations will be based on an exchange rate of 125 to the Euro.
Click Here to get an instant currency exchange rate.
So that we may quote you asap, email us with the following information:
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amount of loan required
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name of applicant/s
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contact tel numbers
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do you require a low rate multi-currency mortgage, a traditional Spanish Euro or UK GBP mortgage, or shall we quote you on all to compare rates?
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preferred term of loan, ie 10, 15, 20, 25, 30 or 40 years
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age of applicant/s
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property value
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type of property (villa, apartment, house, finca etc)
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location of property (nearest town/city)
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when the mortgage is required, ie right now, 2 months, 6 months
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are you employed, self employed or retired
When we receive this information an account manager will forward to you written quotations for both interest and repayment mortgages.
Multi-currency Mortgage Service
For this bespoke service we use independent intermediary mortgage packagers Dominion for all multi-currency mortgage applications who will administer and manage your loan on behalf of the ultimate lender/owner.
They are experts in Global currency markets and are often able to get exclusive packages not available to individuals and high street brokers, particularly in multi-currency mortgages. These products are fairly bespoke but for a guide of the terms and conditions applicable please click on the following pdf link:
If your account manager is confident you could save money on your mortgage repayments and/or reduce the loan he may suggest moving it from being Yen based to the Dollar, Euro, GBP Pound or Swiss Franc. They are inspired to perform since they only receive their commission on the savings that you make. This service is optional.
Mortgages with Spanish and UK banks (traditional Euro or GBP mortgage)
Let us arrange your mortgage for you with a Spanish or UK bank at rates from only 4.0% (depending on size of loan). We do not charge any fees whatsover to arrange these mortgages. However, Spanish and UK banks will insist that you have a valuation conducted, this will cost between 300 - 600 Euros depending on the size, value and property location.
What's Next?
Mortgage applications take between three and four weeks to approve and a further two to three weeks weeks to complete, provided that we are in receipt of all the required documentation. This could take slightly longer during public holidays.
We can also obtain a 'decision in principle' within 48 hours.
New Career Opportunities & Appointments
Latest News - Maggie Clark joins LRSM to Head new office in Escorial (opening soon)
Looking for an new career? Please visit our jobs and careers page
Celebrating 5 years in business 2003 - 2008
Lowratespanishmortgages is owned and managed by Marverose, S.L a company registered in Spain European vat number ES B53826798