International Mortgages

Buy or re-mortgage a property overseas with our award-winning international mortgages available for

1. • Holiday homes
2. • Investment properties
3. • Buy-to-let properties
4. • Mortgage switching and equity release

We can't usually provide a mortgage for a property that you plan to use as your main residence.

Overview

1. • Available in 10 countries & 10 currencies
2. • Borrow up to 70% of the property's value depending upon the location of the property
3. • Maximum loan up to 5 times your income (sole or joint)
4. • Awarded 'Best Overseas Mortgage Lender 2010/2011' by Your Mortgage Award
   
   

Interest Rates

Important information

1. • We offer variable interest rates calculated by:
   Interest rate margin + Underlying rate.
   
   

Interest rate margin

1. • The interest rate margin varies according to the country of property, mortgage currency and 'loan to value'.

   The 'loan to value' is the amount you wish to borrow compared to the actual value of the property. It is shown as a percentage. See the tables below for the interest rate margin.

Underlying rate

1. • The underlying rate is linked to one of the rates below, depending on the country property and mortgage currency:
   

• • the prevailing Overseasfirstfederal Saint Vincent and the Grenadines base rate
• • the Bank of Saint Vincent and the Grenadines base rate
• • our Cost of Funds for the relevant currency*
• • LIBOR or EURIBOR rates*

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

Interest only mortgages

• • Add 0.20% to the interest rate margins shown.
• • Singapore and Dubai properties: interest only mortgages are not available.
• • Spanish properties: interest only mortgages are available for the first five years of the mortgage. The loan can be switched to a repayment mortgage from month 61.

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   Interest rate tables

   1. • The actual interest rate charged will be the loan to value (LTV) interest rate margin plus the underlying rate.

The tax implications for investment real estate are often different than those for residential real estate. It is common for investors to own multiple pieces of real estate, one of which serves as a primary residence, while the others are used to generate rental income and profits through price appreciation. By using Overseas First Federal's you warrant a future to yours savings and real estate investment.

Back-to-Back Loans

Overseas First Federal allows back-to-back loans to its clients. This financial product is an effective means to use your funds for the projects you want to invest in while reducing risks by not having to pledge assets that are not already with the bank.
Whether the funds are to be used as startup capital for your new business venture or for the purchase of fixed assets, a back-to-back loan is a perfect solution for both.

To be eligible for a Back-to-Back loan you must:

• • Be an existing customer;

• • Have a term deposit account with a minimum amount of EURO 5,000 or GBP 5,000 or USD $10,000 or CHF 10,000.

  
  

Other important information:

• • We allow to borrow up to 98% of the amount in your term deposit account;

• • The processing fee for a back-to-back loan is 0.01% of the amount borrowed.

• • We lend at a rate of 0.5% above the rate of the interest received on the term deposit account.

For further information please contact our advisors.