Sophisticatedmortgages.com launches with PMS

Premier Mortgage Service mortgage club has agreed a distribution deal with Clegg Gifford Private Clients to release a bespoke mortgage service for individuals or businesses worth 250,000 or more.

Sopisticatedmortgages,com aims to reduce the size and cost of servicing a mortgage by making the most of international tax laws, as well as fluctuating foreign exchange and interest rates.

The mortgage is refinanced in a multi-currency mortgage, where it is actively managed among currencies that are weakening against the pound.

Paul Welch, managing director of sopisticatedmortgages.com, says: A mortgage can be managed, just like an investment. And as with any investment, your strategy needs to be tailored to fit your particular situation. This is a completely personal service, for time-poor people who need sophisticated solutions.

John Malone, managing director of PMS, says: We are delighted to be able to add to our proposition this offering and we are certain that many of our members will be attracted to this service.