IntroductionCurrency mortgages or multi-currency mortgages represent a very small share of the mortgage market.
Offered by a number of private banks, they are targeted towards high net worth individuals.
Datamonitor's Currency Mortgages in the UK 2006 explains the mechanism of the product, provides market sizing and forecasting data over the next five years and looks at the competitive landscape.ScopeFocuses on multi-currency loans on residential properties based in the UK available to both UK residents and foreigners.Focuses on the managed currency mortgage market.Sizes the managed currency mortgage market.Provides five-year forecasts.HighlightsWhile the mortgage loan itself is governed by the Financial Services Authority (FSA), foreign currency transactions involving mortgages are not governed by the FSA, implying that there is no compensation scheme in place should things go bad.Unsurprisingly, currency loan customers are made up primarily of high net worth (HNW) individuals, who are well placed to understand the mechanism of such mortgages and have the necessary financial resources to take the risk of seeing their mortgage increase significantly.Primary and secondary research conducted for the course of this report revealed that lenders operating in this sector do not actively market their products.Reasons to PurchaseGives you a competitive edge by providing you with a thorough analysis of the currency mortgage market.Learn who are the major players in this sector.Draw on Datamonitor's five-year scenario-based forecasts to plan your future strategy with confidence.