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Mortgages in the British Virgin Islands |
Mortgages in the British Virgin Islands
International Buyers Guide for property in the British Virgin Islands
Outline of main mortgage conditions:
| Currency |
World's major currencies: US Dollars, Sterling Pound, Swiss Franc, Euro, Yen, Canadian Dollar, New Zealand Dollar, Hong Kong Dollar and Singapore Dollar also available but conditions apply. |
|
Mortgage type
|
Capital Repayment and Interest Only
|
| Maximum Loan Amount |
Up to 70%* Loan to Value |
| Minimum Purchase Price |
Not Applicable |
| Minimum Loan Amount |
$250,000 USD |
| Minimum Interest Rate |
From 3.745% |
| Valuation |
Arranged by lender |
| Term |
Up to 20 Years or up to 65 years of age, whichever is earlier
|
| Payment Method |
Monthly or Quarterly depending on lender |
| Insurance |
For client's account |
| Security |
First legal charge of mortgage over the property |
| Purpose of Loan |
Residential property. Purchase off-plan, re-sale, re-mortgage and equity release |
| Lending Area |
|
| Credit Assessment |
Clean credit report from credit office |
| Applicants |
Non residents |
| Status of Property |
Investment Property. Buy to Let, Residential |
| Type of Rate |
Fixed, Variable |
*subject to valuation or purchase price, whichever in the lesser.
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