Many property owners with Swiss Franc mortgages are now paying more than they expected. What can you do? Holiday homeowner, Rowena, shares her advice.
It’s like a confession that you don’t want to share with your friends or family, but here goes…
“My name’s Rowena and I have a Swiss Franc mortgage.”
Yes, I was one of those people who, back in 2007 in the property boom years, bought our beautiful home in Cyprus by borrowing in the Swiss Franc currency. Years later, with the Swiss Franc thriving and the Sterling still struggling, our mortgage payments are almost double the amount of what we had been advised we would need to pay.