Alex Payne — Settling Down Without Settling

al3x.net

8 pointsfogus4 comments

we locked in a 4.5% fixed interest rate on a 30-year mortgage

Here in the UK, I'd seriously give up one of my gonads for a deal like that. There are almost no fixed deals over 10 years and the only 30 year one I heard of requires 30% down and is about 6%. Instead, we're trudging on with 2 year fixes combined with prayer the interest rates don't skyrocket ;-)

Business idea: Have people in the US proxy 4.5% mortgages to UK residents at 4.75%.

You'd have to pay too much to hedge the currency risk, no doubt.

Unfortunately Iceland provides 1001 horror stories about doing that sort of thing ;-) (take out "cheap" mortgages in Euro, profit, currency takes a dive, oops..)

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