Mortgage in Japanese Yen to buy home in Ireland?
- Thread starter dmitri14
- Start date
Brendan Burgess
Founder
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No it's not possible.
A Japanese lender wouldn't give you the money.
An Irish lender wouldn't lend to you in Yen.
Brendan
A Japanese lender wouldn't give you the money.
An Irish lender wouldn't lend to you in Yen.
Brendan
"There is always the currency risk but the interest is incredibly low."
Yep that is how they lure you into these sort of deals..
Such arrangements usually requre you to maintain a certain LTV level such as 75%
So for this case if Euro was to drop by 10%, the bank that gave you this Yen loan will demand you manintain the 75%LTV, usually they give you 2 weeks to settle the LTV breach...
Yep that is how they lure you into these sort of deals..
Such arrangements usually requre you to maintain a certain LTV level such as 75%
So for this case if Euro was to drop by 10%, the bank that gave you this Yen loan will demand you manintain the 75%LTV, usually they give you 2 weeks to settle the LTV breach...