Interest Rates - Property Purchase.
Variable rates
| |
Loan to value or Loan to Cost1 |
Repayment |
Interest only up to 2yrs * |
Loan amount |
| Variable Rate 1-month Euribor (monthly Euribor + rate specified) |
Up to 60% |
+4.10% |
+4.40% |
From €50,000 to €100,000 |
| Up to 55% |
+4.05% |
+4.35% |
| Up to 50% |
+4.00% |
+4.30% |
| Up to 60% |
+3.90% |
+4.20% |
Over €100,000 |
| Up to 55% |
+3.85% |
+4.15% |
| Up to 50% |
+3.80% |
+4.10% |
| |
|
Repayment |
Interest Only up to 2yrs* |
|
| Fixed Rate 2 years |
Up to 60% |
6.05% |
6.55% |
From €50,000 to €100,000 |
| 5.85% |
6.35% |
From €100,000 to €1,000,000 |
| Fixed Rate 3 years |
Up to 60% |
7.00% |
7.50% |
From €50,000 to €100,000 |
| 6.80% |
7.30% |
From €100,000 to €1,000,000 |
| Fixed Rate 4 years |
Up to 60% |
7.45% |
7.95% |
From €50,000 to €100,000 |
| 7.25% |
7.75% |
From €100,000 to €1,000,000 |
| Fixed Rate 5 years |
Up to 60% |
7.85% |
8.35% |
From €50,000 to €100,000 |
| 7.65% |
8.15% |
From €100,000 to €1,000,000 |
| |
|
Repayment |
Interest Only up to 2yrs* |
|
| Variable Rate 12-month Euribor (12 month Euribor + rate specified) |
Up to 60% |
+3.30% |
+3.80% |
From €50,000 to €100,000 |
| Up to 55% |
+3.25% |
+3.75% |
| Up to 50% |
+3.20% |
+3.70% |
| Up to 60% |
+3.10% |
+3.60% |
Over €100,000 |
| Up to 55% |
+3.05% |
+3.55% |
| Up to 50% |
+3.00% |
+3.50% |
1 whichever is the lowest. The maximum LTV / LTC for loan amounts between €1.5m to €3m is 55% and for loan amounts over €3.0m is 50%.
* Reverts to variable rate capital and interest repayments following the interest only period.
** The Fixed Rate mortgage reverts to a variable rate product following the fixed rate period. The new product type must be determined prior to completion.
Arrangement Fee: 1% of the loan amount.
Debt service ratio (DSR): 50% for all segments. Defined as the ratio between the debt payments that the client(s) has to afford in a certain period (in repayment), and their net income in that same period.
Maximum incomes multiples: maximum mortgage cannot be greater than five times the applicant(s) gross income (sole or joint).
Insurance: Home buildings insurance, with Lloyds Bank International, S.A.U. as the beneficiary, is compulsory.
Repayment Terms: 5 years up to 25 years provided the mortgage is repaid by the age of 70.
Early repayment charges:
| Early repayment charges: |
| First 5 years |
0.5% |
| Remaining Term |
0.25% |
Expenses to be paid by your client
Normally all fees will be between approximately 10% and 13% of the purchase price:
- All notarial, registration fees and expenses incurred in the granting of the Mortgage Deed and associated Deeds required for the correct registration of the property and mortgage.
- All procedural expenses incurred prior to proper property register inscription.
- Any other expenses or procedural costs, including legal fees & duties.
- Any other taxes derived from the loan and the constitution, modification and cancellation of the mortgage.
- Any other expenses derived from services required related to the loan.
- The estimate of approximately 10-13% of the purchase price, does not included the cost of Building Insurance, which is also the clients responsibility.
- Valuation fee: see valuation scales.
Monthly Euribor
0.400% as of 3rd May 2012.
Euribor - European Inter-Bank Rate.
12 month Euribor
1.368% as of 4th May 2012
All terms & rates correct as at 3rd April 2012.
Lending Criteria