Is it possible to loan or mortgage from an american lender?
Can i borrow money from a lender based in the us for example purchasing a house here in the uk, if you are not an american citizen?
Answer
Yes you can but if the mortgage is in dollars and your income is in pounds you run the risk of exchange rate changes. if your repayments today are $180 a month, that will cost you £100 plus bank transfer fees. but if the pound goes down to £1 = $1.50, you will be paying £120 a month. you need a strong stomach to take this risk.
