Savills Private Finance International, the overseas mortgage arm of SPF, is busy assisting clients who are trying to minimise the impact of a weak pound on their finances.
Miranda John, Manager of SPF International, explains: 'With Sterling weakening against the US dollar and Euro in recent months, many clients are assessing their postiion.
'If a client bought a property abroad a few years ago, it may be worth raising more money on it. By raising money overseas and bringing it back to the UK, taking advantage of the strong exchange rate, clients can restructure their debt. This enables them to bring down the loan-to-value on their UK mortgage, ensuring they qualify for more choice of products at cheaper rates.
'The overseas mortgage market has changed dramtaically in recent years. Clients who bought their property several years ago are likely to find that the market has changed considerably with new products now available and enchanced flexibility.'
About SPF International
SPF International is experienced in foreign property purchase and international mortgage advice. The team arranges mortgages for clients in: France & Monaco; Spain; Italy; Portugal; Switzerland; Bulgaria; Cyprus, The US and the Caribbean.
For further information, please contact: SPF International +44 (0) 20 7715 4190