Are you a non-resident looking for a mortgage in The Bahamas?

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Arranging your non-resident mortgage in The Bahamas The Ministry of Financial Services & Investments in The Bahamas wrote recently that, whilst the island nation is well known worldwide for its' natural beauty and the warm welcome it affords its' visitors, it is more and more becoming known for the equally warm welcome offered to international investors. The Bahamas is described as a paradise for investment with its' economic, social and political conditions providing a fertile business environment. There is freedom from taxation, democratic political stability and incentives to investors. It is worth noting that the famously laidback easy going lifestyle is a way of life in The Bahamas and a part of everyday business. It is not just reserved for the tourist. The same slow pace of life is also evident in banking, conveyancing and property purchase. The golden rule to remember is 'nothing moves fast in the Caribbean'.  Proof of income: required in all cases. Mortgage assessed on the basis of serviceability and amount of disposable income after normal running expenditure. Non-status loans are currently not available.  Interest rates are linked to US LIBOR. Interest rates can also be fixed for two, three, five and ten year periods and longer on request. Interest is accrued on the daily balance and charged quarterly for LIBOR linked loans. In certain instances an initial five year interest only option is also available, subject to conditions. * Max age 65 * Max 70% LTV * Minimum loan US$100,000 * Repayment only * Maximum Term 20 years * US $ only * Rates from approx 6.50% You can contact agents able to assist with your property purchase by completing this form Think carefully before securing other debts against your home. Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage.

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World Real Estate News

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Asking Prices in Dublin Rise for First Time in 6 Years Asking prices in Dublin in the first quarter of 2013 were up 0.5% on a year previously. Published: 02-Apr-13

Budget boost for UK properties Prospective UK property buyers welcomed the extra help from the Government announced in Wednesday’s budget speech but many industry specialists feel more could be done to boost the ailing industry. Published: 22-Mar-13

US luxury homes market booming As business builds across the American home mortgage market high levels of sales of luxury properties has seen the return of so-called jumbo mortgages. Published: 22-Mar-13

New homes for New Zealand House builders across the country are stepping up to the fore as new figures emerge to show that the number of new homes being built across New Zealand is on the rise. Published: 22-Mar-13

UK asking prices spring forward A recent article reported that the price of UK properties listed for sale during March is 1.7 per cent higher than a month ago. Published: 21-Mar-13

US home price will continue to build A panel of USA real estate experts and advisors forecast a rise of around 4.6 per cent in the price of homes across America during 2013. Published: 21-Mar-13

Thousands of new homes needed for Sydney During the next twenty years the Sydney real estate market will need to develop by more than 80,000 more homes than previously forecast. Published: 21-Mar-13

UK Chancellor urged to help house builders Members of the UK property industry urge the Chancellor of the Exchequer, George Osborne, to consider extra incentives and aid to help boost the house building construction industry throughout the country during his budget speech. Published: 20-Mar-13

House sales stall in Cyprus Hundreds of Cyprus property owners have been forced to shelve plans for selling their homes due to the current financial uncertainty. Published: 20-Mar-13

Home ownership dream shattered for Brits The results of a new survey suggest that almost two thirds of private sector renters feel they will never be able to take the first step on the UK property ladder. Published: 20-Mar-13

Irish property prices attract overseas investors House prices in Ireland have fallen dramatically in the years following the global financial downturn and this has resulted in more interest from foreign property buyers. Published: 19-Mar-13

Russian buyers bag a bargain in Bulgaria Over the last couple of years the price of real estate in Bulgaria has declined and while many industry experts believe prices have now hit bottom others forecast further reductions are on the cards. Published: 19-Mar-13

Wealthy investors consider French properties Luxury French property sales dipped during the latter half of last year, in part, due to possible tax hikes planned for sales of real estate in France. Published: 19-Mar-13

UK home sales bounce into spring UK property sales have recorded strong results for the three months ending in February as confidence returns to the home buying public. Published: 18-Mar-13

US homes moving fast Domestic buyers appear to be out in force across many regions of the USA real estate markets as the level of house sales lifts at the start of the spring selling season. Published: 18-Mar-13

Canadian housing market starts to cool During February the number of residential properties for sale in Canada fell slightly and the total number of residential sales dropped accordingly. Published: 18-Mar-13

Multi million pound boost for UK home construction Thousands of new homes are set to join the UK property market within the next couple of years according to a statement by UK Housing Minister Mark Prisk. Published: 15-Mar-13

Fall in US homes for sale The USA real estate market, now well on the road to recovery, is showing a shortfall in the amount of new listings just as the spring selling season gets under way. Published: 15-Mar-13

More cooling measures for Hong Kong property market Concerned about the overheating of the property market across Hong Kong has prompted further tightening measures from the government. Published: 15-Mar-13

UK mortgage approvals fall in February High inflation and the weak state of the economy are two of the reasons for the fall in approvals for UK mortgages during last month according to several industry advisors. Published: 14-Mar-13

Building programme builds in Dubai Investor appetite for buying property in Dubai has led to the planning of further residential projects throughout Dubai. Published: 14-Mar-13

World Guide

In addition to our informative Property News section we have also created a comprehensive World Guide with useful information about, and interesting photographs of, popular destinations worldwide.

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