Mortgages for buying a property in the Caribbean

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If you are considering buying a property in the Caribbean,  mortgages are available for the majority of Nationalities for either House Purchase or remortgage for Home Improvements and other purposes on a case-by-case basis. Rates and lending terms vary from Island to Island.

Available for Caribbean residential property, including Anguilla, Antigua, Bahamas, Barbados, Belize, British Virgin Islands, Cayman Islands, Jamaica, Nevis, St Kitts, St Lucia, St Vincent, Tobago, Trinidad and Turks & Caicos - other Islands on a case by case basis

Types of Caribbean Mortgage: Repayment Mortgage only (except in Bahamas, Barbados, Belize, BVI, Cayman Islands, Jamaica, St Lucia, Trinidad and Turks & Caicos where there is also a 5 year initial Interest only option and then Repayment thereafter).

Minimum Loan Amount: $250,000. No Maximum, but can not exceed 70% of valuation or purchase price (whichever is the lower), except in Anguilla, Antigua, Nevis, St Kitts, St Vincent and Tobago where the maximum is 60%.

Proof of Income: There are no non-status/self-certification mortgage facilities available in the Caribbean (although renting out your property is permitted). All Caribbean mortgages need to be supported by proof of income.

Employed - copies of your last three month's payslips & copies of your latest P60/Employer’s Reference together with copies of your last 6 month’s Personal Bank Statements will be required.

Self-employed - copies of your last three years Audited Accounts & copies of both your last 12 month's Business and last 6 month’s Personal Bank Statements will be required on application.

Income can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, that the Lender may not take all or part of these Incomes into account when determining the maximum loan available.

Term: 5 to 20 years up to a maximum age 65.

Currency: US Dollars, Sterling, Euros & Canadian Dollars.