Mortgages for Holiday Homes and other Property Abroad

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Lending Criteria for UK Expatriates and Non-UK Nationals purchasing in the UK

The enclosed information is for use by authorised intermediaries only. It is not an advertisement complying with the Consumer Credit Act 1974 and is not to be given or distributed to potential borrowers

"A" TYPE SCHEMES

Status	Max %	Min Laon	Max Loan	Company Purchase	Re-mort	Rental Allowed	Currency	Type	Interest Rate	Approx PM per £100 over 15yrs
Full	90%	£25,000	none	yes	yes	yes	sterling only	repay/ int only	from 0.95% + libor	£ 8.14
Full	89%	£25,000	none	no	refer	no	sterling only	repay/ int only	from 0.50% + libor	£7.90
Full	85%	£75,000	£1 million	yes	yes	yes	sterling only	repay/ int only	from 1.24% + libor	£8.31
Full	80%	£100,000	none	yes	yes	yes	sterling only	repay/ int only	from 1.00% + libor	£8.17
Full	70%	£70,000	none	yes	yes	yes	£ + other currency	repay/ int only	from 1.00% + libor	depends on currency

"B" TYPE SCHEMES

Status	Max %	Min Laon	Max Loan	Company Purchase	Re-mort	Rental Allowed	Currency	Type	Interest Rate	Example Repay 15yrs
Rental Only	85%	£50,000	£100,000	yes	yes	yes	sterling only	repay/ int only	from 1.20% + libor	£ 8.28
Rental Only	80%	£25,000	none	refer	yes	yes	sterling only	repay/ int only	from 5.04% + libor	£8.06
Rental Only	80%	£75,000	none	yes	yes	yes	sterling only	repay/ int only	from 2.00% + libor	£8.73

"C" TYPE SCHEMES

Status	Max %	Min Laon	Max Loan	Company Purchase	Re-mort	Rental Allowed	Currency	Type	Interest Rate	Example Repay 15yrs
Self Cert	80%	£100,000	none	refer	yes	rental only	sterling only	repay/ int only	from 1% + libor	£ 8.17
Self Cert	75%	£75,000	£350,000	no	yes	yes	sterling only	repay/ int only	from 1.24% + libor	£8.31
Self Cert	70%	£75,000	none	yes	yes	yes	sterling only	repay/ int only	from 3% + libor	£9.30
No proof required	70%	£50,000	none	yes	n/a	yes	sterling only	int only	from 1.25% per month	£ n/a

For further details, contact us at: 204 Church Road, Hove, Sussex, BN3 2DJ England
Tel: +44(0) 1273 772811		Fax: +44(0) 1273 321269
E-Mail: enquiries@contifs.com		Web Site: www.mortgagesoverseas.com
NO CHANGES SINCE 6th MAY 2004

Taking out a mortgage in another country has a range of additional costs to consider, together with numerous advantages. Please visit our costs & benefits page for more details.

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