Comments on: What is the best fixed rate mortgage for buying a flat in the UK? http://www.theukmortgageshop.com/uk-mortgage/what-is-the-best-fixed-rate-mortgage-for-buying-a-flat-in-the-uk Learning the Facts about UK Mortgages Mon, 06 Feb 2012 08:37:55 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: nemesis http://www.theukmortgageshop.com/uk-mortgage/what-is-the-best-fixed-rate-mortgage-for-buying-a-flat-in-the-uk/comment-page-1#comment-358 nemesis Wed, 27 Jan 2010 01:36:59 +0000 http://www.theukmortgageshop.com/uk-mortgage/what-is-the-best-fixed-rate-mortgage-for-buying-a-flat-in-the-uk#comment-358 There is no "best" fixed rate mortgage in the UK, as different products cater for different people. The best mortgage for one person may be the worst mortgage for someone else. In terms of fixed rate mortgages, it depends on how long you want the fix to last for - and whether you're happy to accept a high redemption penalty. You could take out a mortgage in a different currency, but you would be putting yourself at risk as your mortgage payments will fluctuate in response to the exchange rate. The only time you might consider taking a foreign mortgage is if you have a source of income in that currency which is sufficient to make the repayments.<br><b>References : </b><br> There is no "best" fixed rate mortgage in the UK, as different products cater for different people. The best mortgage for one person may be the worst mortgage for someone else. In terms of fixed rate mortgages, it depends on how long you want the fix to last for – and whether you’re happy to accept a high redemption penalty.

You could take out a mortgage in a different currency, but you would be putting yourself at risk as your mortgage payments will fluctuate in response to the exchange rate. The only time you might consider taking a foreign mortgage is if you have a source of income in that currency which is sufficient to make the repayments.
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