Mortgages and Property

Caribbean

Caribbean Mortgages - rates and lending terms vary from Island to Island

Includes Caribbean Residental property, including Anguilla, Antigua, Bahamas, Barbados, Belize, British Virgin Islands, Cayman Islands, Jamaica, Nevis, St Kitts, St Lucia, St Vincent, Tobago, Trinidad and Turks & Caicos - other Islands on a case by case basis

Caribbean Mortgages available for the majority of Nationalities for either House Purchase or re-financing for Home Improvement purposes only.

Type of Caribbean Mortgage: Repayment Mortgage only (except in Bahamas, Barbados, Belize, BVI, Cayman Islands, Jamaica, St Lucia, Trinidad and Turks & Caicos where there is also a 5 year initial Interest only option and then Repayment thereafter)

Minimum: $250,000. No Maximum, but can not exceed 70% of valuation or purchase price (whichever is the lower), except in Anguilla, Antigua, Nevis, St Kitts, St Vincent and Tobago where the maximum is 60%

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 20 years up to a maximum age 65

Currency: US Dollars, Sterling, Euros & Canadian Dollars

Current Interest Rates in US Dollars: Country Base Rate + 3.00% (details on request) - rates vary from Island to Island. Fixed Rate loans are also available in all the areas mentioned above

Example Caribbean Mortgage: Repayment mortgage of approx $250,000 over a period of 20 years at an interest rate of approx. 6.75% = approx $1,930.00 capital and interest per month = a total approximate amount payable over term of $466,960 including capital, interest, arrangement and survey fees.