At Coast & Country Homes, we understand that buying in a property abroad, whether for personal use or to let, is an investment. As our clients financial needs are very important to us, we take time to interview you to understand what type of financial terms best suit your needs, and are then able to offer you the best property option to suit those needs, or negotiate your terms for you.

Bank Loans for British Expats (Information from CREDITWEST Bank

• We are pleased to present CREDIT WEST Bank Loans for our Ex-pat clients from the United Kingdom.
• 50% mortgage for up to 10 years repayment. Valuation to be the figure of the sale value,. No guarantor is needed. 
• Maximum loan of 75,000 GBP however exceptions may be made if income can be substantiated. Maximum age of mortgagee is 75 when loan matures. 
• Interest rate is 0.67% per month. (please note this is for GBP and can only be confirmed on day of query).  
• There will be a 2% administrative fee plus stamp duty. 
• The property must be insured through CreditWest insurance and renewed every year. This is calculated into the loan amount. 
• Early redemption fee – 2% from the remainder pf the loan. 

Requirements to apply include:

• Passport
• Proof of address
• Salary proof 
• Tax certificate 
• Online Credit report from UK
• A statement from pension company for private pensioners
• 12 month bank statement for state pensioners.
• The property must have individuals title deeds ready to transfer. 
• The applicant must have Permission to Purchase in the TRNC.