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Mortgage Terms

Locations: Barbados, St Vincent, St Lucia. 
                Bahamas, Jamaica
                Cayman Island
                British Virgin Islands
                Turks & Caicos
                St Maarten / Anguilla
                Curacao, Antigua & Barbuda / St Kitts & Nevis

Type of Loan: Repayment for purchase, remortgage or capital raise.  In some cases minimum loans may apply.

Stage Payments: Mortgages are available for construction finance or stage payments when the property is an individual dwelling where a mortgage deed can be assigned.

Currency: Loans are normally in USD or GBP although it is possible to borrow in other currencies if there is a valid reason.

Loan to Value: Varies from lender to lender, for non residents 50%-70% is normal.

Term: 5 to 20 years.

Interest rates: Variable and Fixed rates are available. Please contact IMM for a personal quote

Proof of Income: This is always required, loans are full status, minimum documentation schemes are available for high net worth clients. Please contact IMM for further details.

Fees: Caribbean banks typically charge fees of circa 1% of the mortgage amount. Notary fees, land registration and Government taxes vary depending upon island of purchase. Valuation fees will depend on the value and location of the property.

Legal issues and Valuation

Remember: don’t sign anything or put down a deposit until you have taken legal advice. Your lawyer or Notary will be able to extensively cover the legal costs and taxes you are liable for prior to committing yourself to a purchase or remortgage.

IMM will liaise with your lawyer/notary throughout the process. Valuations are straight forward in Caribbean, be aware that some lenders do not enact UK standard valuations.

Applying for a mortgage

Please contact us as soon as possible to arrange an approval in principle. This will enable you to find out how much you can borrow and obtain initial terms. If you haven't found a property that you want to buy we can help you to establish your affordability and issue an approval in principle based on your current financial situation.

Please feel free to contact us caribbean@intl-mortgage.co.uk or request a quote 
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 France.  Portugal. Morocco. Bulgaria. Swiss. Turkey. Greece. Barbados. StLucia. European.  USA. Canada. Australia.

International Mortgage Management is a registered trading name, that complies with data protection and holds a consumer credit license. Your   property may be re-possessed if you do not keep up repayments on your mortgage. The exact fee for our service will depend on your circumstances and the location of the property. The Financial Services Authority (FSA) is the UK's mortgage regulator however   it does not regulate international mortgages.     We are not tax advisor's, and do not offer any advice or recommendation on   tax or legal issues. All comments and figures are for illustrative purposes only; we strongly recommend that you see an independent tax advisor and lawyer. All mortgages are subject to status and offer and will not be binding unless stated otherwise.   Flag images  are provided by www.3DFlags.com.

 
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