RAISING PROPERTY FINANCE
Current Mortgage for standard purchasing of your own home is:
- 70% loan to value, requiring a 30% deposit.
- Rates are currently 3.69% interest only, and 3.2% interest and capital repayment. (Subject to change)
Non-Resident bank loans:
- Minimum Loan - £ 100,000
- Interest Only mortgage repayments - Base rate plus 3.99%
- Capital and Interest repayments - Base rate plus 3.49%
- Loan to Value - 70% of contract price
- New flats are permitted (but not off-plan)
- Your investments can now be bought in a limited company
The required financials at the moment are:
- Proof of income, which should be around 3 times the mortgage payment - verified by employer reference, or accountant's certificate with three years accounts, if self employed.
- Proof of identification by way of passport
- Proof of address
- Personal Bank statements for the last six months
*Please note that these mortgage offerings change all the time and although we endeavour to keep the information up to date, it cannot be guaranteed