International Mortgage Interest Rates

Interest rates on mortgages for overseas properties

On this page we show you how we calculate the interest rates for our International Mortgages.

We offer variable interest rates. Depending on which country your property is in and the currency of your loan, your interest rate will be linked to one of these rates:

  • 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 period

Loan to value pricing

To give you greater choice, we vary the interest rate you pay depending on the loan to value (LTV) of the application.

The loan to value is the amount you wish to borrow compared to the actual value of the property and is shown as a percentage. We offer 3 tiers; 50%, 60% and 70%. The lower the loan to value, the lower the interest rate margin we charge.

To find out how we calculate the interest rate for your International Mortgage, please refer to the tables below. The actual interest rate charged will be the loan to value (LTV) interest rate margin plus the underlying rate.

Interest only mortgages

  • Add 0.20% to the interest rate margins shown.
  • 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 rates for properties in:

Europe

Location of property Currency of the loan LTV interest rate margins Underlying rates
50% 60% 70%
Great Britain Pounds Sterling
2.49% 2.69% 2.99%
plus the prevailing Lloyds TSB UK base rate
All other currencies
2.69% 2.89% 3.19%
plus our Cost of Funds rate for the relevant currency
France Euro
1.29% 1.39% 1.49%
plus our Euro Cost of Funds rate
All other currencies
1.49% 1.59% 1.69%
plus our prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies
Spain Euro
1.89% 2.09% N/A
plus the prevailing EURIBOR rate
All other currencies
2.09% 2.29% N/A
plus the Bank of England base rate for loans in sterling or relevant LIBOR rate
Portugal Euro
1.49% 1.59% 1.69%
plus the prevailing EURIBOR rate
All other currencies
1.69% 1.79% 1.89%
plus the Bank of England base rate for loans in sterling or relevant LIBOR rate

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America

Location of property Currency of the loan LTV interest rate margins Underlying rates
50% 60% 70%
USA
California, Florida, Nevada & Oregon		 US Dollars
2.89% N/A N/A
plus our US dollar Cost of Funds rate
All other currencies
3.09% 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
2.69% 2.89% N/A
plus our US dollar Cost of Funds rate
All other currencies
2.89% 3.09% 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
1.29% 1.39% 1.59%
plus our Canadian dollar Cost of Funds rate
All other currencies
1.49% 1.59% 1.79%
plus the prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies

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Asia

Location of property Currency of the loan LTV interest rate margins Underlying rates
50% 60% 70%
Hong Kong Hong Kong Dollars
1.79% 1.89% 1.99%
plus our Hong Kong dollar Cost of Funds rate
All other currencies
1.99% 2.09% 2.19%
plus the prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies
Dubai All currencies
3.49% 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
0.89% 0.99% 1.19%
plus our Singapore dollar Cost of Funds rate
All other currencies
1.09% 1.19% 1.39%
plus the prevailing Lloyds TSB UK base rate for loans in sterling or Cost of Funds rate for other relevant currencies

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Australasia

Location of property Currency of the loan LTV interest rate margins Underlying rates
50% 60% 70%
Australia Australian Dollars
0.99% 1.09% 1.29%
plus our Australian dollar Cost of Funds rate
All other currencies
1.19% 1.29% 1.49%
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
1.19% 1.29% 1.49%
plus our New Zealand dollar Cost of Funds rate
All other currencies
1.39% 1.49% 1.69%
plus the Bank of England base rate for loans in sterling or Cost of Funds rate for other relevant currencies

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For an up to the minute quote or any other information on the International Mortgage Service, please complete an online enquiry form.