International Mortgage News

Mortgage Finance for Expats and non-residents in Qatar

Qatar, like its nearby neighbour, Dubai, is one of the wealthiest regions in the World. Unlike Dubai it is only now beginning to expand massively with regards to property investment. If you are interested in getting in at the early stages of this potentially huge opportunity and require mortgage finance, then take a look at the details below.

International-Mortgage-Broker.com is happy to announce that it is one of the first brokers to arrange mortgages in Qatar:

• We can finance up to 65% of the purchase price, meaning a 35% down payment has to be provided.
• Finance is case sensitive to the age and the monthly income you receive
• We can arrange mortgages for up to 20 years on a repayment basis.The loan has been repaid, however, by the time you reach the age of 60.
• If you wish to make a joint application, we will also need to look at their source of income, obligations with other banks, and other financial background.
• The Interest rate is currently at 9.25% on a variable basis.
• Other charges include a management fee of 1% of the loan amount.
• There is an early repayment charge of 1% of the remaining balance.

(Information correct as at October 2008.)

Regarding investment in the Qatar property market, kindly note that there are only a few places that expats/ non-residents can currently own a free hold property.

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 Qatar or have already found your Qatar  property, we may be 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.