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Property as security
If you need finance to purchase a property in the Caribbean,
then Justcredit.biz can give you the advantage of receiving advice
from a team of licensed credit brokers, who have over 20 years
experience in the field. Depending on your circumstances, a repayment
mortgage could be raised for the Caribbean property you wish to
buy.
Based on the valuation or purchase price (whichever is lower)
of your Caribbean property, you can borrow up to 75% for the purpose
of purchasing the new property, or re-mortgaging an existing one.
The minimum amount you can borrow is $100,000 and can pay this
off over a period of 10 – 25 years. You can do this up to
the age of 65.
Current interest rates as at 6th June 2003 are from 4.50%. Loans
are normally only available in US Dollars and Local Currencies.
N.B.; The exact rates of interest and amount that can be borrowed
may vary slightly from island to island,
The example below is based on a repayment mortgage, and does
not take into consideration the cost of a mortgage protection
plan.
Repayment mortgage of £ 100,000
over a period of 15 years at an interest rate of 5.00% =
£ 803 capital & interest per month = a total approximate
amount payable over a term of £ 146,540 including
capital, interest, arrangement and survey fees.
The income criteria is variable Bank Reference and Employers
or Accountants reference if self-employed.
Existing borrowing in the UK and Overseas will be taken
into account |
Written quotations are available on request.
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