Mortgages in Barbados are available to non-residents and companies looking to invest in Barbados Real Estate.
Our local banking sector provides a convenient and simplified process for obtaining a mortgage, eliminating the complexities often associated with buying international real estate.
Our team works with several financial institutions to assist buyers in securing their mortgages.
In general Non-resident mortgages in Barbados are available in local and USD currencies and require approval from the Central Bank of Barbados, which is typically a straightforward process (special conditions may apply)
As part of the application, mortgage applicants must obtain a valuation report from one of our approved consultants, and the purchase process must be completed with the assistance of an attorney.
The repayment terms for mortgages in Barbados generally range from 15 to 25 years, varying depending on the lender. For non-resident buyers, mortgages are available up to 70% Loan to Value (LTV).
Terms:
- 30% Deposit on Property
- Interest Rates from as low as 3.75%
- Mortgages available in Local BDS & USD currency.
- Approval time typically 10-14 days.
At Nvest Estates – we are committed to providing you with professional and reliable advice to make your mortgage experience in Barbados a simple one!