I live in a country with currency and interest rate volatility. Best mortgage rate available on a 10 year fixed rate is 11%. I wish to find out if anyone could advise me how I go about obtaining a 'currency mortgage' to service my local property investments and my 'hopefully' overseas property investments. What are the pitfalls? Can one 'hedge' against currency fluctuations by adding a percentage point or two to the rate?

What would you suggest I do to obtain a good rate 'currency mortgage' which I could apply in my home country and say in the UK? I have cash to put in so that a loan to valuation ratio of say 70% would apply.

I would welcome any advice, comments and opinions from those who have been through this seemingly 'difficult' process.

I'll be posting another thread for advice on where one should be investing and in what i.e. residential or commercial etc.

regards

Kev