Minimum loan: GBP 100,000 or currency equivalent.

Further advances – GBP 35,000 or currency equivalent.

Interest rate: view here

Repayment options: Capital & Interest repayment or Interest Only.

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. 65% if multi currency option is offered (multi currency being NEITHER the currency of the property or the income stream).

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.

In addition to completed properties, the bank will exceptionally, and on a case by case basis, consider financing the purchase of residential properties under development with stage payments, provided that the properties are located in good quality residential districts e.g. 10, 11, 12 and 15.  Projects that are not in the recommended districts may be considered on a case-by-case basis.

Expected completion date of building works should allow the purchaser to occupy the property within 18 months of the first loan drawdown

The developer of the property must -

(i) be licensed by the Controller of Housing, Singapore (ii) be a publicly listed company (or subsidiary thereof) in Singapore (iii) provide the bank with architects’ certification of stage construction and certification of final construction to enable the bank to verify stage completions and to take a charge against the property and release the required amount of funds to a Project Account (established pursuant to and governed by the Housing Developers (Control and Licensing) Act (Cap 130), the Housing Developers Rules and the Housing Developers (Project Account) Rules 1985, Singapore.

Bank consent is required for entering into letting or tenancy agreement for terms exceeding 2 years