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A comment on Alex Payne — Settling Down Without Settling.

Re:Alex Payne — Settling Down Without Settling by petercooper on Thursday October 07, 2010 @10:22PM (#1770346)
we locked in a 4.5% fixed interest rate on a 30-year mortgage

Here in the UK, I'd seriously give up one of my gonads for a deal like that. There are almost no fixed deals over 10 years and the only 30 year one I heard of requires 30% down and is about 6%. Instead, we're trudging on with 2 year fixes combined with prayer the interest rates don't skyrocket ;-)

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Re:Alex Payne — Settling Down Without Settling by fliph on Thursday October 07, 2010 @10:49PM (#1770389)
Business idea: Have people in the US proxy 4.5% mortgages to UK residents at 4.75%.
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Re:Alex Payne — Settling Down Without Settling by jakewalker on Thursday October 07, 2010 @11:04PM (#1770421)
You'd have to pay too much to hedge the currency risk, no doubt.
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Re:Alex Payne — Settling Down Without Settling by petercooper on Thursday October 07, 2010 @11:30PM (#1770485)
Unfortunately Iceland provides 1001 horror stories about doing that sort of thing ;-) (take out "cheap" mortgages in Euro, profit, currency takes a dive, oops..)
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