International Mortgage News

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

Tags: Cape Town, Durban, house, Johannesburg, Lending, Mortgage, property, South Africa

This entry was posted on Wednesday, October 15th, 2008 at 4:58 pm and is filed under South Africa. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.