I recommend FC loans but only on the basis that you are able to switch the currency.  I have good experience with a product from Lloyds TSB that allows you to switch across 4 different currencies and you do not need to earn in that currency – excpet they recntly put in resprictions on Yen loans – you need to confirm.  I currently have loans in Yen and HKD.  Using the low interest rates give me good cash flow on my investment properties and if the interest rate rises i switch to another currency. The disadvantage is the exchange rate fluctuation, you need to be aware of this and watch it carefully.  Also they require 35% down payment which skrews up the DMM so according to Steve it would be a bad idea.  However if you dont buy marginal deals and are looking for an income not capital growth then they can help you to achieve this.  I would recommend including the currency the property is purchased in as one of the loan currnecies in your basket.