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• 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 client's primary income
• Interest rate: view here
• Repayment options: Capital & Interest repayment or Interest Only (subject to additional 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: 1% 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.
• 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.
• 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.

The bank cannot provide finance to residents of Portugal for the purchase of a property in Portugal.

The bank can continue the loan if a borrower subsequently becomes a resident of Portugal but after that we may not increase the loan.

A Provisional Mortgage is to be registered to protect the interest of the Bank and this will require the participation of the borrower, the seller of the property and any existing mortgagee. Customer is to inform the seller of this requirement.

Financing will not be available to corporate/trust structures as well as to those cases where the borrower(s) of the loan and the owner(s) of the property are not the same person(s).

Bank's consent is required for entering into letting or tenancy agreements for terms exceeding one year.