Mortgage lenders in the UK are gearing up for the introduction of the Euro despite the uncertainty surrounding Britain's entry into the single European currency.
Cheltenham & Gloucester is developing a Euro-denominated mortgage which will be available in the second quarter of next year.
Alliance & Leicester already has such a product on the market.
Cheltenham & Gloucester press officer Emmy Smith says: "We have a number of policyholders who will be paid in Euros so we believe there will be a demand for a Euro mortgage. We will obviously adapt our plans should Britain join the single currency."
Barclays and Bank of Scotland have no immediate plans to develop a Euro mortgage because they believe there will be very little demand.