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Mortgages
and Property
Caribbean
Includes Caribbean Residental property
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 can not exceed
70% 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: 5 to 15 years up to a maximum age 65
Currency: Normally US Dollars & local currency
Current Variable Interest Rate in US Dollars: from
5.00% dependant on location
Example: Repayment mortgage of £50,000 over a
period of 15 years at an interest rate of approx. 5.00% = £401.50
capital and interest per month = a total approximate amount payable
over term of £74,270 including capital, interest, arrangement
and survey fees.
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