International Mortgage News

Mortgages for Foreign Nationals buying property in Greece

The ‘Credit Crunch’ has meant that many banks are now restricting their lending on property in Greece to 50% of the value of the property to foreign nationals.

Whether for an investment or a holiday home, this could be the perfect opportunity. We can currently offer mortgages on Greek property at 90% of the value, 10% Deposit ONLY required.

Arranging a mortgage in Greece :

• Loans available for Purchase, Construction or Home
Improvements
• Loan advance of 90% of the market value of the property
and not the purchase price
• Range of Currencies - Euros, Swiss Francs, US Dollars and
any other currency provided it is funded by the banks
• Interest Rates start from 4.00% in Swiss Francs
• Fixed Rate of Interest available for 3, 5, 10, 15, 20 and 25
years
• Variable Rate Mortgages with no Early Redemption Charges
• Reduced Banking and Legal Charges
• No Valuation Fees
• Maximum loan term 30 years
• Overpayment, Underpayment and Payment Holiday facility,
subject to the terms and conditions of the lender.
• Access to 24 hour Online Banking
• Minimum Documentation for an Application (copy of
passport, latest P60 and payslip or tax assessment, if self-employed)
• Shortened Two Page Mortgage Application Form
• Pre-approval and quotations within hours of an Initial
Enquiry
• Currency Review Switching Service

We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in Greece, already found your new property, or currently have a mortgage on your Greek home and wish to save money, we maybe able to help.

Want to find out more information, please click contact me via my website:  www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

Mortgages for buying property in South Africa

Many banks restrict lending on property in South Africa to 50% of the value of the property to foreign nationals.

Whether for an investment or a holiday home, this could be the perfect opportunity. We can currently offer mortgages on South African property at 80% of the value, in all major currencies.

Arranging a mortgage in South Africa :

Loans available for Purchase, Construction or Home
Improvements. Residential & Commercial.

Loan advance of 80% of the purchase price of the property. (Up to 100% funding on additional collateral)

Maximum loan term 10 years, fully amortised (Repayment Only)

Multi Currency Funding - all major currencies, including ZAR. (Currency Switching Facility)

Interest Rates and Fees are assessed on a case by case basis. (Indicative rates of 2.75% – 3.0% over the relevant 1M-LIBOR rate)

No Early Redemption Charges

This product is also available in Mauritius, Seychelles and other countries on request.

Minimum loan size $350,000, no maximum.

Individuals must demonstrate adequate net asset value and disposable income to service the loan.

We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in South Africa, already found your new property, or currently have a mortgage on your South African home and wish to save money, we maybe able to help.

Want to find out more information, please contact me via my website: www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

© Julian Fidler 2008 - IMB Financial Solutions, www.International-Mortgage-Broker.com

Expats and Foreign nationals buying or remortgaging property in Australia

This is particularly great for clients working in: Hong Kong, Singapore and Japan, as an example; who get paid in the local currency and can therefore benefit from the rates available in their respective currencies.

Please note you must have some connection with the currency of your choice, ideally having income in the currency of the mortgage. We do not recommend ‘currency mortgages’ as a cheap method of finance per se. Exposure to exchange rate risk can cause significant increases in the monthly payments and in the size of your debt.

Rates Available:

GBP 6%
EURO 6.41%
USD 5.07%
CAD 5.38%
AUD 8.95%
NZD 10.31%
CHF 4.11%
YEN 2.15%
HKD 5.25%
SGD 3.33%
Rates correct as at 01/10/08

A minimum deposit of 30% is required.

This product is only available to Expats and non residents wishing to buy property in Australia. We cannot accept applications for Currency Mortgages from Australian residents with this particular product/lender.

We are currently working on developing relations with other banks and brokers to expand our offering in Australia, so even if you do not fit the above criteria we might be able to help.

Please feel free to contact me via my website: www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

© Julian Fidler 2008 - International-Mortgage-Broker.com provides Mortgage & Lending Solutions for the International / Overseas Property Market. We work with Private Banks & Off-shore Mortgage Lenders.

See our Mortgage Case Portfolio for examples: Caribbean Mortgage, American Mortgage, French Mortgage, Spanish Mortgage , Greek Mortgage.

Property Mortgages for : North America -: USA & Canada - All States : New York (Manhattan), Florida, California, New England. Europe - Spain, Portugal, France, Switzerland, Greece, Cyprus, Italy, Austria, Croatia, Poland, Slovenia, Turkey, Gibraltar, Belgium. Caribbean - Antigua, Bahamas, Barbados, Bermuda , Cayman Islands, Jamaica, Nassau, Saint Kitts, Saint Lucia

Rest of the World - Australia, South Africa, Mauritius, Madagascar, Hong Kong, Singapore, India (Mumbai) …

Mortgages for buying property in the Caribbean

Most brokers only offer mortgages from local Caribbean banks, which restricts the level of deposit required and the rates available.

Whether for an investment or a holiday home, this could be the perfect opportunity. We offer mortgages on Caribbean property from 75% of the value, 25% Deposit ONLY required.

Private Bank Options: This route is for High Net Worth clients looking to borrow a minimum of $500,000, with no maximum. We currently cover the following areas: Bahamas, Barbados, Bermuda, St. Lucia & Antigua. Typically rates are from 2.25% over US Libor with a minimum requirement of a 25% deposit required. Lending can be arranged in all major currencies.

Local Bank Options: For loans that don’t fit the above criteria, we can still help. We work with all the local banks across the Caribbean.

Rates tend to be slightly higher, circa 3% above US Libor

A minimum 30% deposit is required on property in Bermuda, Bahamas, Barbados, Belize, British Virgin, Cayman, Jamaica, St. Lucia, Turks & Caicos.

A minimum 40% deposit is required for property in Anguilla, Antigua, Nevis, St. Kitts, St. Vincent and Tobago.

Individuals must demonstrate adequate net asset value and disposable income to service the loan. Rental income on the property can be included in this calculation.

Want to find out more information, please contact us via our website: www.international-mortgage-broker.com

www.international-mortgage-broker.com and IMB Financial Solutions are trading names of Julian Myles Fidler

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.