Expat Mortgage Rates
With lenders terms and criteria changing frequently please complete our
online mortgage enquiry form.
This will enable us to let you know which of the current terms we can obtain for you.
Details of the current terms that we can arrange for property purchase and remortgages.
UK Bank base rate
0 .5% 3 month LIBOR 1.04%. 12 month 1.82%
December 2011
Special schemes available to expatriates and, in some cases,
foreign nationals, for the purchase, or refinancing, of property, for family
use, or commercial letting under the shorthold tenancy act.
|
LENDER |
INTEREST RATE % |
MAX % ADVANCE |
LENDERS ARRANGEMENT FEE |
SPECIAL FEATURES |
|
BM SOLUTIONS
|
5.95%
3 year fix
4.50%
2 Year Tracker
|
75%
75% |
2.50%
2.00%
|
Applicant must work for Govt Agency or Multi National Company. Rental calculation 125% at payrate.
|
|
HALIFAX |
4.79%
2 year fix
(4.99% if Interest only)
2.79%
2 year tracker
(2.99% if Interest Only) |
75%
75% 75% |
£1499
£1499
£1499 |
Maximum loan £500,000.
Interest only loans attract a .2% loading.
Very restrictive terms. No capital raising allowed. Must be returning to the UK within 2 year period. 6 months bank statements required.
UK credit history required.
Redemption Penalties
Fixed rate 2% in first 3 years
|
| HSBC |
5.99%
3 year fix
5.98%
5 year fix |
60%
Repayment basis only
60%
Interest only
|
£999
£999 |
Applications only accepted from existing HSBC
Premier customers. Minimum savings / holdings £60,000
Net Rental must be 130% of pay rate. |
IPSWICH
Family Occupation |
3.19%
2 year
Tracker
|
75%
|
£499
|
IMP exclusive scheme
No New Build Flats
No early repayment penalties on 50% of
advance.
|
|
3.25%
2 year fix |
75% |
£999 |
|
Buy To Let Fix |
4.99% |
75% |
£999 |
| Buy to Let Discount |
4.75%
|
75%
|
£895
|
|
ROYAL BANK OF SCOTLAND INTL |
Base + 3.68%
2 year tracker
Base + 4.38%
2 year tracker
|
Up to 60%
60-75% |
0.5%
0.5% |
Minimum loan £100,000
Will lend on new build flats max loan to value 55% on a repayment basis and 50% interest only
. |
This table is for information purposes only
and is not to be viewed as a recommendation
Notes:
Some
Lenders have onerous redemption penalties for fixed and discounted terms.
A usual penalty is 6 months interest in the first 5 years. Loans are however
portable but proportionate penalties would apply unless similar amount loans
were taken. There are also proportionate penalties on partial repayments.
Some lenders offer loans via offshore trusts and offshore companies. Arrangement fees
can be as much as 2.0% of the loan. Some lenders make life assurance cover
obligatory. Others insist on their "in-house" buildings and contents
insurance as a loan condition.
Arrangement Fees -
All fees quoted are payable to the lender and are usually added to the loan,
although some require payment with the application.
IMP will charge an
arrangement fee of 0.25% (Minimum £500) payable on receipt of an acceptable mortgage offer.
IMP are authorised
and regulated by the Financial Services Authority (302775) for mortgage advice and
hold Consumer Credit Licence No: 592583.
Mortgage Enquiry Form
Back to IMP Homepage
E-Mail:
info@international-mortgage-plans.com
|
