Egypt Mortgages

Egypt as a holiday destination has increased in popularity over the last few years and so has the number of UK property investors looking to secure Egypt mortgages. However, there is a lot of research to be done if you wish to proceed with your purchase and mortgage. Lending criteria for most Egypt mortgages includes:

Maximum loan to value of 85%
Maximum loan term of 30 years
Maximum age of borrower must not to exceed 65 years
Repayment method is via a capital or interest mortgage
Maximum monthly instalment should not to exceed 25% of your monthly income

Before getting your Egypt mortgage arranged, you will need to get pre-approval, as well as proof of land ownership and the full details of the property developer, if applicable. Barclays Buying Abroad Service can help you get the home of your dreams by taking the stress out of the process. From help with solicitors to advice on the healthcare system and language classes, Barclays provides an essential service for those interested in a home in Egypt.

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.