Search found 3 matches

by jaguar58
04 Oct 2011 23:23
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 176841

Re: Swiss Franc Mortgage

Yes I did, thanks Nigel. The problems I have had in cyprus linked with the promlems with properies in the UK have left me in a bad financial state anyway so I'm am not too bothered if they chase me because I have nothing. I am also that way i have nothing left so i will take the consequences and gi...
by jaguar58
04 Oct 2011 23:21
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 176841

Re: Swiss Franc Mortgage

The Times carried an excellent article highlighting the problems of the swiss franc mortgage. Although the piece fully sets out the problems, it doesn't offer any solutions. Having considered the situation over many months, I believe there are 4 possible options and I set them out as follows. We wo...
by jaguar58
04 Oct 2011 23:17
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 176841

Re: Swiss Franc Mortgage

Unfortunately we have agreed to buy a property in Tersefanou and we were advised to finance this by way of taking out a Swiss Franc Mortgage by our developer and our bank in Cyprus. Taking this option now looks to be an error of jugement on our part. Exchange rates have had such a severe effect on ...