International Mortgage Service Important information

For loans against property in Great Britain
- for loans in GBP, 1.55% p.a. over the prevailing Lloyds TSB UK Base Rate;
- for loans in other currencies, 1.55% p.a. over our Cost of Funds rate for the relevant currency*

For loans against property in Australia and New Zealand
- for loans in GBP, 1% p.a. over the prevailing Lloyds TSB UK Base Rate;
- for loans in other currencies, 1% p.a. over our Cost of Funds rate for the relevant currency*

For loans against property in USA
- for loans in GBP, 2.39% p.a. over the prevailing Lloyds TSB UK Base Rate;
- for loans in other currencies, 2.39% p.a. over our Cost of Funds rate of the relevant currency*

For loans against property in Canada
- for loans in GBP, 1.5% p.a. over the prevailing Lloyds TSB UK Base Rate;
- for loans in other currencies, 1.5% p.a. over our Cost of Funds rate of the relevant currency*

For loans against property in France, Spain and Portugal
- for loans in GBP, 1.25% p.a. over the prevailing Lloyds TSB UK Base Rate;
-Prevailing Euribor* rate for loans in euro or relevant LIBOR* rate for loans in other currencies.

* Rates are normally floating, based on a 3-month period

New loan application: USD150,000 or currency equivalent.
Further advances: USD50,000 or currency equivalent.

For purchases in the USA the minimum property value is $400,000.

Up to 30 years term or up to 70 years of age, whichever is earlier.

We will lend up to a maximum of 70% of the property purchase price or property valuation (whichever is lowest). If the mortgage is taken out in a currency other than that of the property or your main income then the maximum we will lend is 65% of the purchase price of property valuation (whichever is lowest).

For purchases in California, Florida, Nevada and Oregon the maximum we will lend is 50% of the purchase price or property valuation (whichever is lower).

For property in Colorado, Connecticut, Hawaii, New Jersey, New York and Washington State, the maximum we will lend is 60% of the purchase price or property valuation (whichever is lower).

Calculated as a percentage of the loan amount and payable upon acceptance of our formal offer letter and is non-refundable.
Property in:

Australia, New Zealand: 0.5%
Great Britain: 0.75%
France, Spain, Portugal, Canada, USA: 1%

0.3% of the loan amount upon acceptance of our formal offer letter and is non-refundable.

Payable by the customer (both the borrower's and the bank's legal fees).

Payable by the customer. 

0.25% of the loan amount for clients who borrow via a company or trust structure, payable upon acceptance of our formal offer letter and is non-refundable. Offshore company registration fees may also be payable.

Subject to qualification criteria and availability which varies from time to time, when currency options are offered, two free switches per calender year. US$150 per switch thereafter.

First legal charge or mortgage over the property.

Selected areas of Central London - minimum 30 years left to run after loan repayment date.

Elsewhere - minimum 50 years left to run after repayment date.

No additional charges or increase in interest rates but tenancies or lets beyond certain terms will require our formal, written authorisation and lower loan to value ratios may apply.

Quarterly in arrears.

No penalties for prepayment (except LIBOR, EURIBOR or Cost of Funds based loan repayments which do not coincide with the interest rollover date).

A handling fee of US$150 will be charged should borrowers wish to make any amendments to their requested facility, after a Letter of Offer has been issued.