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Loans & Mortgages

mortage

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

  1. Holiday homes
  2. Investment properties
  3. Buy-to-let properties
  4. Mortgage switching and equity release

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

Overview

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

Interest Rates

Important information

  1. We offer variable interest rates calculated by:
    Interest rate margin + Underlying rate.

Interest rate margin

  1. 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.

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.
  1. Interest rate tables

    1. • 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
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 MARGINAL EXCHANGE FINANCIAL GROUP 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 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 MARGINAL EXCHANGE FINANCIAL GROUP 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 MARGINAL EXCHANGE FINANCIAL GROUP 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 MARGINAL EXCHANGE FINANCIAL GROUP 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 MARGINAL EXCHANGE FINANCIAL GROUP 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 MARGINAL EXCHANGE FINANCIAL GROUPfor 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 MARGINAL EXCHANGE FINANCIAL GROUP 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 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 for loans in sterling or Cost of Funds rate for other relevant currencies

The tax implications for investment real estate are often different than those for residential real estate. It is common for investors to own multiple pieces of real estate, one of which serves as a primary residence, while the others are used to generate rental income and profits through price appreciation. By using MEFG’s you warrant a future to yours savings and real estate investment.

 

 

Back-to-Back Loans

MEFG allows back-to-back loans to its clients. This financial product is an effective means to use your funds for the projects you want to invest in while reducing risks by not having to pledge assets that are not already with the bank.
Whether the funds are to be used as startup capital for your new business venture or for the purchase of fixed assets, a back-to-back loan is a perfect solution for both.

 

To be eligible for a Back-to-Back loan you must:

  • Be an existing customer;
  • Have a term deposit account with a minimum amount of EURO 5,000 or GBP 5,000 or USD $10,000 or CHF 10,000.

Other important information:

  • We allow to borrow up to 98% of the amount in your term deposit account;
  • The processing fee for a back-to-back loan is 0.01% of the amount borrowed.
  • We lend at a rate of 0.5% above the rate of the interest received on the term deposit account.

 

For further information please contact our advisors.