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Location: London, UK
Value: £5,509,000
What is a Crypto Mortgage?
A crypto mortgage is a home loan that uses cryptocurrency as collateral. This allows borrowers to keep their crypto assets while using their value to secure a loan, keeping their crypto assets and future gains.
How it works:
- Collateral: The borrower agrees a specific amount of cryptocurrency to the lender
- Loan terms: The interest rate and loan term are agreed upon. These are based on the value of the collateral and the borrower's profile
- Repayment: The borrower makes monthly mortgage payments, in the same manner as a traditional mortgage
Working with a specialist broker like Enness will provide you with expert advice when navigating the niche crypto mortgage market.
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Our team of specialists has extensive experience in facilitating property purchases using cryptocurrency. Whether you’re buying a luxury home or an investment property, we offer expert guidance and dedicated support to ensure a smooth and efficient transaction.
Crypto Mortgage FAQ's
Can You Get a Mortgage with Crypto?
Yes, you can get a mortgage by lending against Crypto. It can, however, be difficult to source a lender who will accept cryptocurrency; that is where Enness comes in. We have vital experience in Crypto-backed lending and can source the industry's best possible rates. Also, Enness has access to over 500 lenders, many of which will allow individuals to lend against Crypto.
Are Crypto Mortgages Available Internationally?
Yes, crypto mortgages are available internationally. Depending on the lender and jurisdiction, crypto mortgages can be used as cross-border transactions. Lenders are, however, more cautious with these loans, so it is best to speak with an expert broker who can give you peace of mind and source the best rates possible for your individual needs. This allows for more flexibility for international buyers looking to purchase a property abroad. This is an ideal solution for individuals looking to leverage their digital assets.
How is the Value of my Cryptocurrency Assessed for a Mortgage?
The value of your cryptocurrency is typically assessed based on its current market price at the time of the loan application. Lenders often use trusted cryptocurrency exchanges to gauge the asset's value. Regular assessments of the value could possibly be required during the loan term to reflect the fluctuations of the market. Ultimately, cryptocurrency is looked at as another asset that could be liquidated in the case of default.
Crypto Mortgages Made Simple
Whether you’re purchasing a luxury home or an investment property, our team ensures a seamless process, delivering expertise and discretion every step of the way.
Explore how crypto-backed mortgages can work for your plans. Contact Enness to discuss your property ambitions and how we can help you secure the right finance.
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