International Mortgages

International Mortgages

international mortgages

Buy or re-mortgage a property overseas with our award-winning international mortgages available for

  • Holiday homes
  • Investment properties
  • Buy-to-let properties
  • Mortgage switching and equity release

We can't usually provide a mortgage for a property that you plan to use as your main residence.

Apply for International Mortgages

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

We must recommend caution as where the loan is in a different currency to your income or the currency where the property is situated, movements in currency cross-rates can sometimes occur very quickly, resulting in significant losses or in a significant increase in the cost of the loan repayments in real terms.

  • Available in 10 countries & 10 currencies
  • Borrow up to 70% of the property's value depending upon the location of the property
  • Maximum loan up to 5 times your income (sole or joint)
  • Awarded 'Best Overseas Mortgage Lender 2010/2011' by Your Mortgage Award

Apply for International Mortgages

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.

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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

Apply for International Mortgages

Arrangement fee

We charge a non-refundable arrangement fee, which you must pay when you accept our formal offer letter.

Your arrangement fee is calculated as a percentage of your loan amount:

  • 1.0% for property in France, Spain, Dubai, Canada, USA and Great Britain
  • 0.5% for property in Hong Kong, Singapore, Australia and New Zealand

Commitment fee (US property only)

For property in the USA, we charge a non refundable commitment fee of 0.3% of the loan amount, which you must pay when you accept our formal offer letter.

Corporate/trust borrower handling fee

If you're borrowing via a company or trust structure, we charge a non refundable handling fee of 0.25% of the loan amount, which you must pay when you accept our formal offer letter. Offshore company registration fees may also be payable.

Legal fees

You must pay your own legal fees and any fees we incur while setting up your mortgage.

For French property, a non-refundable legal fee of Euro 1,800 (minimum) is payable to the Bank at the time of acceptance of the loan offer letter. In addition to the Bank's legal fees, you will have to pay for all associated legal costs including notaries' fee and French mortgage tax and statutory fee.

Amending your mortgage pre-drawdown

If you make any amendments to your requested facility after we have issued a Letter of Offer, we charge a handling fee of US$150.

A handling fee of USD300 will be charged should borrowers wish to change the property address contained within the loan offer letter.

Early repayment

Early Repayment Charges apply to all new applications and will be charged over a 3 year period in the following way:

  • 3% of the amount being repaid within the first 12 months of drawdown (Year 1).
  • 2% of the amount being repaid within the following 12 months (Year 2).
  • 1% of the amount being repaid within the following 12 months (Year 3).

No charge will apply on partial or full early repayment of the loan following month 36.

Other fees and charges

You will need to pay these fees as necessary:

  • valuation fee
  • stamp duties
  • taxes
  • communication charges
  • building insurance

Apply for International Mortgages

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.

Apply for International Mortgages

What currency can I arrange my international mortgage in?

You must take out a mortgage that matches either:

  • the local currency where your property is located
  • the currency of your main income

We offer international mortgages in a range of foreign currencies.

Popular currencies:

  • Sterling
  • Euro
  • US Dollars

Other available currencies:

  • Canadian Dollars
  • Australian Dollars
  • New Zealand Dollars
  • Hong Kong Dollars
  • Japanese Yen
  • Singapore Dollars

Generally speaking, it's wise to match the currency of your mortgage with the currency of the property you're buying. However, some people choose to match their mortgage to the currency of their salary or savings. Your choice will depend on your personal circumstances, future plans and currency exchange rates.

What if I want to buy a property in a country you do not currently cover?

You may be able to finance your purchase by remortgaging another property you own. If you already have a property in one of the countries we cover, it is possible to use our International Mortgage service to release the equity you need for your new purchase. If you are considering this course of action, please ensure you take independent professional advice.

How long will it take for my mortgage to go through?

It depends where you're buying a property. After you receive our official offer letter, it typically takes 4-6 weeks in:

  • Great Britain
  • Australia
  • New Zealand
  • Dubai
  • Hong Kong
  • Singapore

Typically it takes up to 6 to 8 weeks if you're buying property within the USA, Canada, France and Spain

Buying property in Spain and France typically takes a little longer ó up to 12 weeks after you receive our signed offer letter.

To help speed things up, make sure you have all the paperwork needed for your application. For advice on the documents you need, please ask a question.

Can I make lump sum payments or an early repayment in full?

Yes, however an early repayment charge will be applied to your account for any lump sum payments or early repayments made within the first 3 years.

How much can I borrow?

Generally you can borrow up to 5 times your basic salary, or if you are taking out a mortgage with someone else, up to 5 times your joint salary. We also take into consideration up to 70% of any income you can get from renting the property.

We'll typically lend up to 70% of the purchase price or valuation, whichever is lowest.

There are exceptions to this 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 buying apartments in Dubai.
  • 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).

Spain

  • The maximum we will lend is 60% of the purchase price or valuation, (whichever is lowest).

We make all our decisions on the individual merits of each case. We can give you a decision in principle after we receive your completed application form, which is valid for 3 months.

Can I get an International Mortgage to buy a property off-plan?

Yes, you can apply for a mortgage for an off-plan property. However, we can only provide finance once the newly built property has been fully constructed.

Can I use the International Mortgage Service to buy land?

No. We can't provide mortgages for land, commercial property or self-build projects. We can only provide loans against completed properties, except for in Dubai.

Do I need to have life cover to arrange a mortgage for French property?

No. Unlike many other lenders, we don't insist you have life cover when taking out a mortgage for a property in France or other countries.

But you should seriously consider getting life cover, particularly if you're buying a property worth over £500,000. An independent adviser can help you choose the right life insurance for you.

Why should I bank with Lloyds TSB International?

You're allowed to switch the currency of your mortgage throughout the life of the loan. You can switch between the currency options available on your offer letter.

The first 2 switches in a calendar year are free.

We are unable to offer advice on currency switching.

Switching currencies can incur serious losses because of adverse exchange rate movements.

To switch currency, please provide a minimum of 3 working days' notice.

At our discretion, it's possible to arrange forward exchange contracts for settlement of your mortgage, provide these coincide with your next scheduled payment. If you are considering this course of action, please ensure you take independent professional advice.

For more information on currency switching, please contact us.

Apply for International Mortgages

How much can I borrow?

Need help?

Customers, call
+44 207 522 4210

Intermediaries, call
0800 731 1433

Lines open Mon-Fri 9am-5pm UK time (10am-6pm Central European Time)

Email your mortgage enquiry