Please note that the service is principally designed for customers planning to purchase properties outside their country of residence.
 
We pay brokers 0.3% commission - all enquiries welcome. (USA & International)

  Multi-jurisdictional coverage:

Great Britain , Spain *, France *, Portugal *, New Zealand and selected locations in Australia , Canada and the USA , as well as in Dubai , Hong Kong and Singapore .

  Competitive interest rates

  Multi-currency loan facilities**

Available in Sterling, US Dollars, Euro, Australian Dollars, New Zealand Dollars, Canadian Dollars, Japanese Yen (for Yen income earners only), Swiss Franc, Hong Kong Dollars and Singapore Dollars (for SGD income earners only or loans secured against property in Singapore).

  Free currency switching option

Combined with multi-currency loan facilities, and subject to status and conditions, we allow currency switching between approved currencies.

   Free Decision in Principle (DIP)

If you intend to buy overseas property, take advantage of our pre-approved financing. No fee or commitment is required.

    No penalty for buy-to-let properties

    No penalty for early repayments that coincide with interest rollover dates.

    Up to 100% financing available (subject to credit status and additional security)

      Maximum repayment term of up to 30 years or 70 years of age, whichever is the earlier - including interest only loans.

        Free direct debits via Lloyds TSB International Account to service your loan repayments.

       

Email for application Form 

A $500 Application Fee is payable on submission of your application form. (non refundable)

Use this link to pay your application fee.  
                                  Remember to email us your full name.

USA Acceptable Locations are:
New York , Washington State, California , Colorado , Connecticut , Florida , Hawaii , Nevada ,
New Jersey and Oregon  .

Loan Rates - properties in USA/Canada/Hong Kong
Sample rates ONLY ( email for latest rates)  

Rates as at Tuesday, May 06, 2008*

GBP

6.5%

EURO

6.48%

USD

4.39%

CAD

5.04%

AUD

9.4%

NZD

10.61%

CHF

4.43%

YEN

2.55%

HKD

3.53%

SGD

3.1%

Most clients are selecting HKD (Hong Kong) currency loans at this time.

Mortgage Terms and Conditions

Residential property# in Great Britain , Spain *, France *, Portugal *, New Zealand and selected locations in Australia ,  
Canada & USA , Hong Kong, Singapore and Dubai property loans.  

Interest cost

For loans against property in Great Britain Australia and New Zealand -
- for loans in GBP, 1% p.a. over the prevailing Bank UK Base Rate;
- for loans in other currencies,1% p.a. over our Cost of Funds rate for the relevant currency*

For loans against property in USA and Canada
- for loans in GBP, 1.5% p.a. over the prevailing Bank UK Base Rate;
- for loans in other currencies,1.5% p.a. over our Cost of Funds rate of the relevant currency*;

For loans against property in France
- for loans in GBP, 1.25% p.a. over the prevailing Bank UK Base Rate;
- for loans in other currencies,1.25% p.a. over our Cost of Funds rate of the relevant currency* ;

For loans against property in Spain and Portugal
- 1.25% p.a. over the Bank of England Base Rate for loans in GBP;
- 1.25% p.a. over the prevailing Euribor* rate for loans in Euro or relevant LIBOR rate* for loans in other currencies.

* Rates are normally floating, based on a 3-month period

Minimum loan

New loan application :USD150,000 or currency equivalent
Further advances: USD50,000 or currency equivalent

Loan term

Up to 30 years term or up to 70 years of age, whichever is earlier.

Financing

Normally maximum 80% of purchase price or valuation, whichever is lower, without currency switching. 5% lower with currency switching options. 70% for Portugal with or without currency switching.

Arrangement fee

Calculated as a percentage of the loan amount and payable upon acceptance of our formal offer letter and is non-refundable.
Property in Great Britain , France , Spain , Portugal , Australia , Canada and New Zealand : 0.5%
Property in USA : 1%

Commitment fee
( US property only)

0.3% of the loan amount upon acceptance of our formal offer letter and is non-refundable.

Legal fees

For client's account (both the borrower's and the bank's legal fees).

Valuation/Appriasal fee, stamp duties, taxes, communication charges and building insurance

For client's account.

Corporate/
trust borrower handling fee

0.25% of the loan amount for clients who borrow via a company or trust structure, payable upon acceptance of our formal offer letter and is non-refundable. Offshore company registration fees may also be payable.

Currency switching

Subject to qualification criteria and availability which varies from time to time, when currency options are offered, two free switches per calendar year. USD150 per switch thereafter.

Security

First legal charge or mortgage over the property.

Leasehold properties

Selected areas of Central London - minimum 30 years left to run after loan repayment date.

Elsewhere - minimum 50 years left to run after repayment date.

Letting/Rental

No additional charges or increase in interest rates but tenancies or lets beyond certain terms will require our formal, written authorisation and lower loan to value ratios may apply.

Repayment

Quarterly in arrears.

Early repayment

No penalties for prepayment (except for Libor, Euribor or COF based loan repayments which do not coincide with the interest rollover date).

Pre-drawdown amendments

A handling fee of USD150 will be charged should borrowers wish to make any amendments to the loan offer letter after the letter has been issued and accepted

Servicing

As a general guideline only, we would normally allow clients to borrow up to 5 times their gross income of the applicant(s) which could be made up of salary, rental income, investment income, guaranteed bonus and other acceptable, guaranteed sources of income
# Please note that the service is principally designed for customers planning to purchase properties outside their country of residence. We can provide mortgages for owner occupation in Hong Kong and Singapore , but not in other countries . Other restrictions related to property use may also apply and details are available upon request.

Please also note that we would normally not provide financing for certain types of property such as serviced apartments, resorts, golf course properties, student accommodation or former local authority or public housing.

* Not available to corporate and trust structures as well as to those cases where the borrower(s) of the loan and the owner(s) of the property are not the same person(s). Foreign borrowers are required to obtain a Non-Resident Buyers' Identification Number (NIE) before purchasing a Spanish property and are advised to seek their own legal advice with regard to the application for a NIE.

The terms, conditions and fees outlined above are not all inclusive and are for indication only. They apply only to loan facilities that are issued and accepted from the date below and may be changed, amended or deleted without any prior notice. Please note that depending on the resident status and the tax regime of the borrower's country of residence, withholding tax may affect the cost to the borrower and the banks capacity to lend.  

 

Maximum Allowable Tenancy Periods

 

Tenancy up

to 2 years

 

Tenancy

up to 1 year

 

Tenancy up to 6 months

 

Tenancy up
to 1 month

 

United Kingdom

 

 

 

U.S.A.

 

 

 

Canada

 

 

 

Australia

 

 

 

New Zealand

 

 

 

Hong Kong

 

 

 

Spain

 

 

 

Singapore

 

 

 

Portugal

 

 

 

France

 

 

 

Dubai

 

 

 

 Documentation Needed

What documentation is required to proceed with a personal loan application?

1.      Completed loan application form.

2.      *Photocopy of ID cards or passports in black and white (with photo and signature pages) of

  borrower(s)/guarantor(s)/owner(s).

3.      *Proof of residential address via latest utility bill or bank statement (these must be within 3

months of date of issue) For UAE residents only – copy of tenancy agreement of residence

 is acceptable or a confirmation letter from an employer.

4.      *Proof of gross and net income e.g. copy of latest 2 years’ tax returns/assessments, latest

salary advice, employment contract or confirmation letter from employer, etc – as

 appropriate

5.      *Proof of assets i.e. latest 3 months’ bank statements, latest month’s deposit valuation,

 proof of last 2 years’ bonuses e.g. pay slips, letter from company, bank statements.

6.      Copies of up-to-date loan, overdraft and current account statements.

7.      Latest 6 months’ mortgage statements (for refinance only).

  8.      Copy of preliminary purchase agreement (if available).

9.      Estate agent’s/developer’s brochure, including price list.

10.  Copy of existing tenancy agreement or rental agreements or relevant bank statements for

all properties enjoying rental income (if applicable).

11.  Brief background of own or employing company (e.g. corporate brochure or website

address if available).

12.  Current building/fire insurance policy (refinancing only) (if applicable).

13.  Proof of deposit for down payment for purchase of new property.

 * Items marked with an asterisk would need to be true certified copies or originals.

 

What documentation is required to proceed with a loan application from a corporate

borrower?

1.      Identification Documents: Certified, clear black & white copy of valid ID passport(s) of

a.      All Beneficial Owners

b.      All Directors

c.      All authorized Signatories

d.      Significant Shareholders (those holding 10% or more)

2.      Confirmation of address documents for all the above (<3 months old) (originals or certified

true copies of):

a.      Utility Bill/Tax Assessment/Bank or Credit Card Statement

3.      Board Resolution to open an account with the Lender.

4.      Certificate of Incorporation (certified true copy)

5.      Memorandum & Articles of Association (certified true copy)

6.      Chart to describe any complex company structure

7.      Confirmation of Income (see table below)

Item

Country

Incorporated:

Hong Kong /

Singapore/Malaysia

United Kingdom

U.S.A.

Other Countries

1

Know your client/

know your business

Company's objective, no.

of staff, years of history

Company's

objective, no. of

staff, years of

history

Company's objective,

no. of staff, years of

history

Company's objective,

no. of staff, years of

history

2

Company Search

Required

Best Effort

Best Effort

Best Effort

3

Company's Financial

Statements

2 years' Balance Sheet,

Income & Expenditure

Statement