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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.

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Dear Delia

Dear Delia, one of my clients is attempting to remortgage one of the buy-to-let properties in his portfolio. The property is 150,000 and his portfolio is 1m. He bought this property speculatively about three years ago and the rent only just covers the mortgage. At today’s interest rates, he is going to face a serious problem. Do you have any suggestions? Delia says: Your client has a number of options available to him as Brian Murphy of Mortgage Advice Bureau and John Heron of Paragon Mortgages, point out.

Have you got a problem for Delia? Email mortgage.strategy@centaur.co.uk

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