Changing trade laws and increased mobility mean that buying property abroad, either with future vacations, relocation, as an investment or all three in mind, is now more of a viable proposition. A foreign 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. Foreign mortgages may be applicable for individuals or businesses looking to relocate or expand.

Your home may be repossessed if you do not keep up repayments on your mortgage.