Mortgages and Property

USA

Includes USA 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 80% 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 30 years.

Currency: USA Dollars & Sterling only. Please note, that at this time, sterling loans are only available in the whole of Florida.

Current Variable Interest Rate of approx 5.60% in Sterling (for the Florida scheme - see above) or in USA Dollars from approx 6.125% Fixed for 5 years.

Example in US Dollars: Repayment Mortgage of £ 50,000 over a period of 30 years at an initial Fixed Interest Rate of 6.125% for the first 5 years and then approx 5.55% Variable thereafter = initially approx £ 307.00 capital & interest per month for the first 5 years and then approx £ 288.50 capital & interest per month thereafter = a total approximate amount payable over term of £106,970 including capital, interest, arrangement & survey fees.