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Loans & 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.
Overview
- 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
Interest Rates
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.
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.
|
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 Citi Group Offshore Center 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
|
|
|
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 Citi Group Offshore Center 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 Citi Group Offshore Center 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 Citi Group Offshore Center for loans in sterling or Cost of Funds rate for other relevant currencies
|
|
|
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 Citi Group Offshore Center 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 Citi Group Offshore Centerfor 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 Citi Group Offshore Center for loans in sterling or Cost of Funds rate for other relevant currencies
|
|
|
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 Citi Group Offshore Center's you warrant a future to yours savings and real estate investment.
Back-to-Back Loans
Citi Group Offshore Center 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.