Baclay Carrigan Int

I am curious to know if anyone has had an dealings with Barclays Carrigan International or had obtained currency mortgages in the purchase of apartments? How does it work and does it really save you $$$? Any advice or information is appreciated

They are very pushy, that's the first thing. The second thing is that their "product" is nothing new. Go to any of the property shows in HK and you will see any number of banks flogging the same product.


If you have done an initial assessment for anything with them they will harass you on the phone over and over again. Treat them as you would any other salesman. They are not really expert advisors, they are salespeople.


The problem I have seen with the product is that, yes the rates are cheaper for now but for example currently the NZD, one of the most volatile in the world, is highly valued, any large drop in the currency rate and you are doomed to be owing more than you would with a conventional mortgage.


Look at the downside risk.