Hello all,
I’m currently refinancing a French property with a Swiss bank. It’s a relatively small amount — €125,000. The bank is proposing a 1.75% FX spread for converting and repaying the existing French mortgage.
However, they’re open to me handling the repayment directly, which would allow me to avoid the FX spread. To do this, I’m considering using a margin loan from my IB account — approximately CHF 116,000 — for one to two months to complete the transaction.
My IB account currently holds around CHF 850,000.
Does this approach seem reasonable? I’d appreciate any advice or tips.
Thanks in advance!
Alan