24/03/2008-Moneycorp, the foreign exchange specialist, today announced a new alliance with LynxBanc Mortgage Corporation, a specialist international mortgage provider, which will provide British property owners in Florida with a safe way to stabilise their monthly mortgage payments.
The alliance will appeal to the many British based Floridian property owners by providing them with a facility to fix their mortgage payments for up to two years. By teaming with Moneycorp, clients of LynxBanc will be able to fix the exchange rate on their regular mortgage payments and in doing so have some level of certainty whilst the foreign exchange markets fluctuate.
Laura McLoughlin, Regional Manager at Moneycorp in the USA, commented:
“The US rates highly amongst investors looking to buy property overseas and Florida is no exception due to its regular flight connections to the UK, good climate and family friendly facilities. However, with continued economic uncertainty, consumers and investors alike are looking at ways to keep expenditure in check. By partnering with Moneycorp, LynxBanc is able to provide UK based owners of Floridian properties with a convenient and cost effective way to make their mortgage payments.”
Stephen Parnell, CEO of LynxBanc, added:
“Many British property owners in Florida are frustrated by their inability to remortgage to today’s lower rates due to price depreciation and mortgage restrictions. With this in mind we were looking for an effective way to give these clients some relief while the market stabilizes. The option from Moneycorp, for clients to fix the exchange rate on their regular mortgage payments, does just that.”
