Pro Cuts Rally Today 14/05

[Undisputedtruth]

Fortunately, payments are in Sterling.

[Loz]

How the hell did you do that?

[HAL9000]

Several lenders have offered UK mortgages hedged (presumably) by foreign currency interest-rate swaps.

An example from 2002: http://www.moneymarketing.co.uk/analysis/charcol-bases-loan-on-us-rates-for-sterling-payment/61966.article

[Undisputedtruth]

Oh Hal9000, I was going to tease Loz for a bit by saying through my sheer brilliance.

[HAL9000]

Oops - sorry - didn't mean to jump your loan shark!

[Undisputedtruth]

It doesn't matter anymore. In any case I've not seen US interest rate mortgages being offered for a number of years.

[the-e-dealer]

How come they have time to go there- are they on benefit?