Overseas Property: Buying Property in Caribbean

Learn More About Buying Property in the Caribbean and Caribbean Mortgages...

Is it time to consider somewhere like...Caribbean?

NewMortgageFinder specialise in overseas property mortgages. Our Caribbean Mortgage guide to buying property in the Caribbean is designed to help you through thejourney of buying a property in Caribbean Islands and help secure a mortgage in Caribbean. Caribbean self-build and company mortgages are also available.

Caribbean Mortgages

Buying in the beautiful Islands of Caribbean, although confusing, is well worth the effort. There are no restrictions to owning property on the island. Anyone wishing to purchase a holiday or retirement home can find New Mortgage Finder's Mortgage service as important as the as finding the right property, we can also provide a overseas investors mortgage service for those who may be interested in development projects. As a non-national, a purchaser must initially get permission from the Central Bank. This is simply a formality.

Excellent interest rate on larger loans, above USD 750,000: 3 MONTH LIBOR + 3%

Competitive rate on loans below USD 750,000: Prime + 1.5%

Minimum loan 250,000USD in each of the currencies of USD; GBP; EURO; CAD.

Maximum LTV 70% of purchase price or valuation (whichever is the lower)

Maximum Term: 15 years (if Land Only 5 years)

Interest rates can be fixed, with appropriate pricing on application. Early repayment penalties will apply.

We currently source mortgage plans in the Bahamas, Barbados, Belize, British Virgin Islands, Cayman Islands, Dutch Antilles, Jamaica, St Lucia, Trinidad & Tobago and Turks & Caicos , St Kitts & Nevis islands.

Our Mortgage Guide

The Government of Grenada requires that non-nationals
purchase a Land Holding License

Required Fees may vary from Island to Island:

10% of purchase price - Alien Land Holding Licence payable to the Government of Grenada.
1% of purchase price - Stamp Duty for Conveyance
2% of purchase price - Legal fees for Conveyance
5% of legal fees - To the Government of Grenada for General Consumption Tax (GCT).
EC$250.00 - Additional Government fees. (Approx.)
EC$1,800.00 - Legal fees for application for Alien Land Holding Licence + EC$90.00 GCT + EC$25.00 Stamp Duty payable to the Government of Grenada. (Approx.)