Swiss bank pays €40m to buy U.S. mortgage for €100M

U.K. banks are offering U.A.E. lenders a cheaper, more flexible loan option, after their banks found themselves unable to sell mortgages due to high interest rates and the prospect of Brexit.

The London-based HSBC and Barclays Group are both seeking bids for mortgage products at a price of about $45 a month and $50 a month respectively, according to a report by Bloomberg.

The banks said they will buy mortgages at a fixed rate for 30 years, but will pay a premium if the borrowers can pay back their loans over the long term.

The British banks say their mortgage products are designed to help people pay off their mortgages, but their banks have said they would prefer to sell them to buyers in the United States, where the rates are lower.

The bank’s mortgage products will be priced from $10,000 to $30,000, while the bank’s U.B.P. products will cost $20,000 or less, the bank said in a statement.

In addition to the U.UK bid, the banks are looking at a French bid, as well as bids from Spanish banks.

The U.N. refugee agency, UNHCR, said on Friday that it had received an offer from the bank to buy up to $500 million worth of U.P.’s mortgage products in the coming months.

The bid represents a 50% discount from its own bid of about 70 cents a year for mortgage-backed securities, the UNHCR said in the statement.

The U.F.O. said it would make the offer to the bank and its lenders if they could pay back the loans over a 30-year term.