Savills Private Finance

International mortgage range May 2008

Spain

Term	Rates from	Maximum loan to value	Completion fees	RRedemption penalty	Comments
Interest only for term	5.00% Remortgage Tracker European Central Bank rate + 1%	70% of valuation	€1% amount of loan	None	For mortgage over €750,000. Margin increases depending on the loan amount, up to 1.35 for the smallest loans (under €290,000)
5 year fixed	Acquisition 5.50% 5 years fixed followed by 12m Euribor + 0.95%	75% of valuation	1%	0.5% capital outstanding	Up to 2 years interest only on a 1 to 1 basis
Up to 30 years interest only	Tracker cost of funds + 1.25%	80% of valuation (75% for mulitcurrency option)	0.5%	None	USD 3.98%, CHF 4.06%

France

Term	Rates from	Maximum loan to value	Completion fees	Redemption penalty	Comments
3 Years (fixed repayment)	4.30% Fixed Followed by 12 mth Euribor + 1.2%	80%	€950	3% of capital outstanding for the first 3 years	French life assurance required
20 years interest only	4.85% variable 3 month discount Followed by 3mth Euribor + 1.40%	80%	€1500	None	Min loan amount €100,000. Can accept UK life cover and does not need to have it assigned.
30 years (with up to 10 years interest only)	5.20% variable 12 month discount Followed by 1 month Euribor + from 1.75%	85%	1%	During the first 12 months there are early repayment charges. For the remaining yrs of the Interest Only phase there are none. During the repayment phase there are early repayment charges. Early repayment charges are always 3% of capital outstanding.	Can accept UK life cover.

Portugal

Term	Rates from	Maximum loan to value	Completion fees	Redemption penalty	Comments
25 years	Variable 3m Euribor +0.85%	75%	€550 + IVA	0.5% of redeemed amount	Capital and repayment
30 yrs (Interest only for 5 years)	6m Euribor +1.1%	75%	€550 + IVA	0.5% of redeemed amount	Interest only followed by Capital and Repayment
30 years (6 years Interest Only)	Variable 6month Euribor +0.75%	80%	Max €780	0.5% of redeemed amount	Interest only followed by Capital and Repayment

Italy

Term	Rates from	Maximum loan to value	Completion fees	Redemption penalty	Comments
Up to 30 years variable repayment	5.80% variable (3 mth Euribor from + 1.20%)	80%	€ 250	None
10 year variable	5.35% (1month Euribor + 1.20)	80%	0.4% of the loan amount (Min €250, Max €600)	None	In-house Buildings Insurance compulsory.
10 year fixed	5.85% (Followed by 1month Euribor + from 1.20%)	80%	€250	During the fixed period 3% of capital outstanding thereafter none

Switzerland

Term	Rates from	Maximum loan to value	Completion fees	Redemption penalty	Comments
35 years	3.625% variable	75%	None	None	Loans over CHF250000 only. Split 60% Interest only and 15%. Repayment loan available.
35 years	4.25% fixed for 3 years then variable	75%	None	2%-3% During the term	Loans over CHF250000 only. Split 60% Interest only and 15%. Repayment loan available.

Rest of world

Bulgaria

Term	Rates from	Maximum loan to value	Completion fees	Redemption penalty	Comments
25 years	European Central Bank + 2.5%	75%	1%	3% year 1, 2% year 2, none thereafter.	Purchase and equity release only
25 years (Interest only for 1 year)	European Central Bank + 2.75%	75%	1%	3% year 1, 2% year 2, none thereafter.	Purchase and equity release only

Cyprus

Term	Rates from	Maximum loan to value	Completion fees	Redemption penalty	Comments
35 years maximum term	Base rate + 1.75% EUR (6.11%) or CHF (4.32%) mortgage	60%	0.5% - 1%	4 months worth of interest	Possibility of postponing the payment of the capital during the first 5 years
35 years maximum term	Base Rate + 1.5% for CHF, Base Rate + 1.75% for EUR	60% for new properties, 70% if completed before August 2007	0.5% - 1%	4 months worth of interest	Possibility of postponing the payment of the capital during the first 5 years

Carribbean

Term	Rates from	Maximum loan to value	Completion fees	Redemption penalty	Comments
20 years	6.25% variable (US$)	70%	1%	Varies on application	5 years interest only available

US (Florida)

Term	Rates from	Maximum loan to value	Completion fees	Redemption penalty	Comments
20 years	4.33% variable	75% of the lower of purchase price or valuation OR 70% for multi currency option	1% + commitment fee	None	Loan made available for purchases and remortgages. Option for different currencies. Rates are around 4.33% (USD), 5.22% (CAD), 6.50% (£), 6.40% (€), 4.43% (CHF). Full status only. Min loan £150,000.

UK - Foreign Currency mortgage on UK property

Term	Rates from	Maximum loan to value	Completion fees	Redemption penalty	Comments
25 years Euro Loan	4.75% (0.75% over Euro base rate for 3 years)	68%	1%	5% for the first 3 years	Investment properties only

These are a small selection of the extensive range of mortgages available through Savills Private Finance. For more information, contact the international division on:

Email: international@spf.co.uk
Telephone: 020 7877 4710
Fax: 020 7491 3926

This information does not contain all the details you need to choose a mortgage. Please contact one of our International team for further assistance.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT

SAVILLS PLC - INTERNATIONAL DEPARTMENT
SPF is part of the Savills Group, the international property consultancy formed in 1855. The Savills plc International team is based in London and is dedicated to providing a service to meet an individual's overseas property needs. For more information about Savills plc - International click here.

| |