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Mortgages
and Property
Canada
Includes Canadian Residential Properties
Loans available for the majority of Nationalities for
either House Purchase or re-financing for Home Improvement purposes
only.
Type of Loan: Repayment Mortgage only.
Minimum: £ 50,000, No Maximum, but cannot exceed
75% of valuation or purchase price (whichever is the lower).
Proof of Income: required in all cases (can be made
up of Earned Income, Pension, Investment or Rental Income. Please
note however, it is not always the case that the Lender will take
all or part of these Incomes into account when determining the maximum
loan available). Non-Status loans are currently not available.
Term: maximum 25 years
Currency: Canadian Dollars
Current Variable Interest Rate in Canadian Dollars:
from 4.25% Variable
Example: Repayment mortgage of £50,000
over a period of 25 years at a Variable Interest Rate of 4.25% =
approx £ 274.00 capital & interest per month = a total
approximate amount payable over term of £ 84,200 including
capital, interest, arrangement & survey fees.
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