C CillianB Registered User Messages 14 9 Dec 2011 #1 In the event of a currency collapse and restoration of a devalued punt, if you have a mortgage and if you have savings both in euro, am I right in saying both will be devalued equally in otherwords there is no advantage in paying off mortgage early?
In the event of a currency collapse and restoration of a devalued punt, if you have a mortgage and if you have savings both in euro, am I right in saying both will be devalued equally in otherwords there is no advantage in paying off mortgage early?
L Lightning Registered User Messages 5,509 9 Dec 2011 #2 Most likely your mortage will be converted at the same FX rate as your deposits.
E eliza Registered User Messages 65 10 Dec 2011 #3 In the event of a currency collapse, we will be in uncharted waters. There are no certainties as to what will happen.
In the event of a currency collapse, we will be in uncharted waters. There are no certainties as to what will happen.