What does it cost?

Completion costs (called ‘closing’ in the US) are incurred whenever a property is sold or re-mortgaged. An approximate is 5% of the mortgage amount when purchasing. (This cost can be included in the amount borrowed if required.)

Who can take out a British Mortgages Abroad mortgage?

Virtually anyone can apply for one of our mortgages providing you are 21 or over, a British resident and a homeowner. We can also help if you're either employed or self employed. 

What can I use the mortgage for?

Most people will use it to realise their dream of buying a holiday home in Florida. Others may choose to refinance an existing mortgage with a US lender, to reduce their outgoings and the additional peace of mind of dealing with a British based lender with a Sterling mortgage.

How much can I borrow?

The amount you can borrow depends upon the value of the property in Florida. You should however, think carefully about how much you can comfortably afford to pay each month.

We have guidelines on the maximum and minimum amounts we will lend, depending on the type of mortgage you choose. For each type of mortgage, we set maximum loan to value ratios - the ratio between the amount you want to borrow and the value of the property (or the purchase price if this is lower). We will also assess your ability to repay the mortgage from the information you provide us in the Application Form and from our searches and enquiries.   

Will you take into account, any rental income I receive from my holiday home in Florida, in assessing the amount you will lend me?

We may be able to consider a proportion of the rent you are likely to receive from renting out your property. 

Contact us:
CCC Financial P O Box 136 NEWTOWNARDS BT23 7HF
Telephone : 0500 46 06 06 (24 Hours a day. Every day!) Fax : 028 9182 0050