MORTGAGES
FirstCaribbean
International Bank (Offshore) Limited – International
Mortgages
If you are buying a property, the FirstCaribbean International Mortgage
is available for up to 70% of the purchase price or of the Bank’s
valuation of the property (whichever is lower) and up to 50% if you are
building.
Properties costing more than USD$1,500,000.00, we provide financing up
to 60%.
Mortgages run for up to 15 years and FirstCaribbean offers internationally
competitive rates linked to US prime for amounts up to USD$750,000.00
and 3 month LIBOR for amounts in excess of USD$750,000.00.
Interest rates can be fixed for 3 and 5 year periods.
Repayments are quarterly for interest rates linked to LIBOR and monthly
for interest rates linked to US Prime.
You must be an International
Banking Centre customer to qualify for a mortgage.
Here is a list of our minimum personal account opening and mortgage requirements.
Please note that the Bank reserves the right to request additional information
/ documentation as part of its due diligence and credit analysis policies.
MORTGAGE
| • |
Minimum
mortgage amount USD100,000 |
| • |
Fully
completed application form |
| • |
Letter
of introduction from employer to confirm remuneration, office
held and length of employment |
| • |
Tax
returns for the last three years (full sets) |
| • |
Last
six (6) months original bank statements, to include evidence
of savings |
| • |
Original
report from your accountant on your assets and liabilities |
| • |
Professional
valuation of property being purchased (from a valuer approved
by the Bank) |
| • |
Copy
of the signed purchase agreement |
| • |
Credit
bureau report |
| • |
Evidence
of the source of funds that will represent your contribution
to the proposal |
| • |
Last
three (3) years audited financial statements, if applicant
is a company or owns a company that is the source of individual’s
remuneration. |
|
