I came across this story of a couple who have bought a property in Cyprus using a Swiss Mortgage.
Lorraine and Tommy Duncan are soaking up the sun in their Cyprus holiday home – thanks to a Swiss mortgage.
Lorraine, 41, and Tommy, 55, had fancied taking a leap on to the foreign property ladder for a while.
They were unsure how far their modest budget would stretch but after an inspection trip with Atlas International, they have snapped up a two-bed apartment in Cyprus for just over £100,000.
The Duncan’s put down a 20 per cent deposit on the property, which cost £82,915CY (£105,649).
They are paying the balance by taking the unusual step of opting for a mortgage that will be repaid in Swiss Francs.
Lorraine said: “Because I’m a mortgage advisor I knew that taking a mortgage in Britain or in the country where you’re buying isn’t always the best option.
“The Swiss mortgage has a low fixed rate of interest.”
You can read the rest of the story at sundaymail.co.uk