Europe:
- France
- Spain
- Great Britain
America:
- USA: California, Colorado, Connecticut, Florida, Hawaii, Nevada, New Jersey, New York, Oregon, Washington State.
- Canada: British Columbia (Greater Vancouver, Squamish, Whistler, Victoria, Kelowna & Nanaimo), Ontario (Greater Toronto & Peterborough), Quebec (Mont-Tremblant, Quebec City & Montreal), Alberta (Calgary & Edmonton).
Asia:
- Hong Kong
- Singapore
- Dubai: only available to non-residents of Dubai and in respect of agreed developers (currently Emaar, Nakheel, Estithmaar & Union Properties) and agreed developments only. Life assurance is strongly recommended, particulary given possible impact of Shariah law. Lloyds TSB Dubai branch may be able to assist where necessary.
Australasia:
- Australia: New South Wales, Queensland, South Australia, Western Australia & Victoria.
- New Zealand
Usage restrictions:
Our offshore mortgages are designed for people planning to purchase properties outside their country of residence.
We can't offer a mortgage for a property you plan to live in, unless your property is in Hong Kong or Singapore.
Other restrictions related to property use may apply. For more details, please ask a question.
Properties in Spain
Foreign borrowers must obtain a Non-Resident Buyers' Identification Number (NIE) before purchasing a Spanish property. We advise you to seek legal advice regarding your application for a NIE.
Corporate/trust properties
We are unable to offer the International Mortgage Service in Spain and France if you are borrowing through a corporate or trust structure, or if the borrower(s) of the loan and the owner(s) of the property are not the same person.
Important information
We offer variable interest rates calculated by:
Interest rate margin + Underlying rate.
Interest rate margin
The interest rate margin varies according to the country of property, mortgage currency and 'loan to value'.
The 'loan to value' is the amount you wish to borrow compared to the actual value of the property. It is shown as a percentage. See the tables below for the interest rate margin.
Underlying rate
The underlying rate is linked to one of the rates below, depending on the country property and mortgage currency:
- the prevailing Lloyds TSB UK base rate
- the Bank of England base rate
- our Cost of Funds for the relevant currency*
- LIBOR or EURIBOR rates*
* Rates are normally floating, based on a 3-month rollover period
Interest only mortgages
- Add 0.20% to the interest rate margins shown.
- Singapore and Dubai properties: interest only mortgages are not available.
- Spanish properties: interest only mortgages are available for the first five years of the mortgage. The loan can be switched to a repayment mortgage from month 61.
Interest rate tables
The actual interest rate charged will be the loan to value (LTV) interest rate margin plus the underlying rate.
Europe
| Location of property |
Currency of the loan |
LTV Interest rate margins |
Underlying rates |
| 50% |
60% |
70% |
| Great Britain |
Pounds Sterling |
2.99% |
3.19% |
3.49% |
plus the prevailing Lloyds TSB UK base rate |
| All other currencies |
3.19% |
3.39% |
3.69% |
plus our Cost of Funds rate for the relevant currency |
| France |
Euro |
1.39% |
1.49% |
1.59% |
plus our Euro Cost of Funds rate |
| All other currencies |
1.59% |
1.69% |
1.79% |
plus our prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies |
| Spain |
Euro |
2.59% |
2.79% |
N/A |
plus the prevailing EURIBOR rate |
| All other currencies |
2.79% |
2.99% |
N/A |
plus the Bank of England base rate for loans in sterling or relevant LIBOR rate |
America
| Location of property |
Currency of the loan |
LTV Interest rate margins |
Underlying rates |
| 50% |
60% |
70% |
USA
California, Florida, Nevada & Oregon |
US Dollars |
3.19% |
N/A |
N/A |
plus our US dollar Cost of Funds rate |
| All other currencies |
3.39% |
N/A |
N/A |
plus the prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies |
USA
Other selected states |
US Dollars |
2.99% |
3.19% |
N/A |
plus our US dollar Cost of Funds rate |
| All other currencies |
3.19% |
3.39% |
N/A |
plus the prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies |
| Canada |
Canadian Dollars |
1.39% |
1.49% |
1.59% |
plus our Canadian dollar Cost of Funds rate |
| All other currencies |
1.59% |
1.69% |
1.79% |
plus the prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies |
Asia
| Location of property |
Currency of the loan |
LTV Interest rate margins |
Underlying rates |
| 50% |
60% |
70% |
| Hong Kong |
Hong Kong Dollars |
1.39% |
1.49% |
1.59% |
plus our Hong Kong dollar Cost of Funds rate |
| All other currencies |
1.59% |
1.69% |
1.79% |
plus the prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies |
| Dubai |
All currencies |
4.99% |
N/A |
N/A |
plus the prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies |
| Singapore |
Singapore Dollars |
1.39% |
1.49% |
1.59% |
plus our Singapore dollar Cost of Funds rate |
| All other currencies |
1.59% |
1.69% |
1.79% |
plus the prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies |
Australasia
| Location of property |
Currency of the loan |
LTV Interest rate margins |
Underlying rates |
| 50% |
60% |
70% |
| Australia |
Australian Dollars |
1.39% |
1.49% |
1.59% |
plus our Australian dollar Cost of Funds rate |
| All other currencies |
1.59% |
1.69% |
1.79% |
plus the Bank of England base rate for loans in sterling or Cost of Funds rate for other relevant currencies |
| New Zealand |
New Zealand Dollars |
1.39% |
1.49% |
1.59% |
plus our New Zealand dollar Cost of Funds rate |
| All other currencies |
1.59% |
1.69% |
1.79% |
plus the Bank of England base rate for loans in sterling or Cost of Funds rate for other relevant currencies |
Mortgage currencies, amounts and terms
Loan currencies
The currency of your mortgage must match either the local currency of the property's location or the currency of your primary income.
Popular currencies
- Pounds Sterling
- Euro
- US Dollars
Other available currencies
- Australian Dollars
- Canadian Dollars
- New Zealand Dollars
- Hong Kong Dollars
- Singapore Dollars
- Swiss Franc
- Japanese Yen
Minimum loan amount
- The minimum loan size for all new applications is £100,000 or currency equivalent.
- The minimum loan size for all Further Advance applications is £35,000 or currency equivalent.
Maximum loan amount
We'll typically lend up to 70% of the purchase price or valuation, whichever is lowest.
There are exceptions for these locations:
The USA
- Property in California, Florida, Nevada or Oregon: the maximum we will lend is 50% of the purchase price or valuation (whichever is lowest).
- Property in Colorado, Connecticut, Hawaii, New Jersey, New York or Washington State: the maximum we will lend is 60% of the purchase price or property valuation (whichever is lowest).
Dubai
- Villas in Dubai: the maximum we will lend is 50% of the purchase price or valuation for a villa (whichever is lowest). We don't offer mortgages for apartments in Dubai.
Spain
- The maximum we will lend is 60% of the purchase price or valuation, (whichever is lowest).
Hong Kong
- The maximum we will lend for residential properties with a value of HK$12 million or above is 50% of the purchase price or valuation (whichever is the lower).
- The maximum we will lend for residential properties with a value of HK$8 million or above (but below HK$12 million) is 60% of the purchase price or valuation (whichever is the lower), subject to a maximum loan of HK$6 million.
- The maximum we will lend for residential properties with a value below HK$8 million is 70% of the purchase price or valuation (whichever is the lower), subject to a maximum loan of HK$4.8 million.
- The maximum we will lend for non owner occupier properties is 50% of the purchase price or valuation (whichever is the lower).
Singapore
- The maximum we will lend for properties held by companies is 50% of the purchase price or valuation (whichever is the lower).
- The maximum we will lend to borrowers with existing mortgaged properties is 60% of the purchase price or valuation (whichever is the lower).
Minimum property value
For purchases in the USA, the value of the property must be at least USD 400,000.
There is no minimum property value for other locations.
Loan Terms
- You can arrange a mortgage for up to a maximum 30 years term (15 years for Dubai).
- The age of the borrower at the maturity date of the loan should not exceed 70 years of age or the age of your intended / official retirement age (whichever is lower).
- For interest only mortgages on properties in Spain, the maximum term is 5 years. The loan will switch to a principle and interest repayment basis for the remainder of the term.
Types of property
Leasing properties
For leasehold properties, there must be a certain amount of time left to run on the lease:
- For properties located in Canada: the remaining economic life of the property must not be less than 40 years from the date the loan is drawn down.
- For properties located elsewhere, the lease must have a minimum of 70 years remaining at loan application
Letting/Rental
There are no additional charges or interest rate increases for letting or rental properties. Tenancies or lets beyond certain terms will require our formal, written authorisation and lower loan to value ratios may apply.
Currency switching and repayments
Currency switching
You can switch your mortgage currency for free twice per calendar year. For subsequent switches we charge US$300 per switch. This is subject to qualification criteria and availability which varies from time to time.
Other important information
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. Lending is at the Bank's discretion and you must be 18 or over to apply. Security will be required.
Please note that this service is principally designed for customers planning to purchase properties outside their country of residence. We can provide mortgages for owner occupation in Hong Kong and Singapore, but not in other countries. Other restrictions related to property use may also apply and details are available upon request.
Mortgages can be arranged in 10 currencies however the currency must be the same as your main income or the local currency of the property location.