• Minimum loan: GBP 100,000 or currency equivalent.
• Further advances – GBP 35,000 or currency equivalent.
• Loan Currency: Must be either the local currency of the property location or the currency of the borrower's primary income.
• Interest Rate: view here
• Repayment options: Capital & Interest repayment or Interest only (0.20% margin loading)
• Loan term: 30 year term or up to 70 years of age, whichever is earlier.
• Financing: Maximum 70% of purchase price or valuation price, whichever is lower.
• Arrangement fee: 0.5% of the loan amount and payable upon acceptance of formal offer letter and is non-refundable.
• Legal fees :For client’s account (both the borrower’s and the bank’s legal fees)
• Valuation fees, stamp duties, taxes, communication charges, building & other forms of insurance: For clients account.
• Corporate / Trust borrower handling fee: 0.25% of the loan amount for clients who borrow via a company or trust structure, payable upon acceptance of formal offer letter and is non-refundable. Offshore company registration fees may also be payable.
• Currency switching: Subject to qualification criteria and availability, which varies from time to time. When currency switching is offered, two free switches per calendar year, USD150 per switch thereafter.
• Security: First legal charge or mortgage over the property.
• Leasehold properties: Minimum 50 years left to run after repayment date.
• Letting/Rental: No additional charges or increase in interest rates but tenancies or lets beyond certain terms will require our formal, written authorization and lower loan to value ratios may apply.
• Repayment: Quarterly in arrears.
• Early repayment: No penalties for prepayment (except Libor, Euribor or COF based loans which do not coincide with the interest rollover date).
• Pre-drawdown amendments A handling fee of USD150 will be charged should borrowers wish to make any amendments to the loan offer letter after the letter has been issued and accepted.

1. The bank only finance Non-NZ residents for the purchase of a New Zealand property.
2. After the loan is drawn and client intends to take up residence in New Zealand, the bank cannot continue with the loan and refinancing any of the loan is required.
3. The bank does not finance New Zealand residents for the purchase of any property in any part of the world.

Bank consent is required for entering into letting or tenancy agreement for tenancy exceeding 1 year.