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<div id="propertymenu"><img src="img/greyicon.gif" alt="about barbados" width="9" height="14"> <span class="titlepage">Caribbean 100% Finance Solution </span></div>
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<p> <strong> How does the 100% Finance Scheme Work?</strong></p>
<p> The scheme enables an investor to effectively invest in a luxury Caribbean property with only £1,000 payable with no further funds required until completion*.</p>
<ul class="bulletpoints">
<li> Here is an example of how the scheme works:- </li>
<li> £1,000.00 non-refundable reservation fee required for reservation of a specific property. </li>
<li> 30% deposit required (less £1,000.00) within 45 days of reservation. If you choose to lend this deposit the developer will pay the loan repayments, including interest, for this the 30% deposit until completion of the specific unit you have reserved. The payments will then be added to the purchase price upon completion. </li>
<li> Example: Property price £300,000.00. £1,000.00 reservation fee paid. The deposit - £300,000.00 x 30% - £90,000.00 - £1000.00 (reservation fee) = £89,000.00. Interest on £89,000.00 @ 6% p.a. - £445.00 per month, paid for 24 months by the developer - £10,680.00 added to the purchase price upon completion.</li>
</ul>
<p> Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it is conservatively anticipated that the £300,000.00 purchase price will have grown to a property value at completion of circa £447,000.00.</p>
<p>At this point a 70% loan to value guaranteed mortgage is available and therefore you will be able to borrow up to £313,000.00 i.e. 70% of the value of the property at completion. This is clearly ample to pay for the £299,000.00 (purchase price less £1000.00 reservation fee) that you owe as well as the accrued interest of £10,000.00 – from the above example.</p>
<p>Assuming you borrowed the maximum loan to value mortgage, available from the example above, you would borrow £313,000.00 on which the annual interest payment would be £21,910 based on a rate of 7%. The rental guarantee of 10% of your purchase price of £300,000.00 will generate an income of £30,000.00 each year, should cover your mortgage payments. If you wish you could retain the £89,000.00 loan you took out for the deposit, pay the interest yourself each month, from completion onwards, and use the money to invest in further investment property purchases.<br>
Should the developer be unable to raise your finance for your initial 30%, your £1,000 shall be refunded to you in full.</p>
<p><span class="smalltext">* Subject to status and conditions apply </span><br>
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<p><strong> I want to invest, what do I do now? </strong></p>
<ul class="bulletpoints">
<li> Contact us to discuss the unit type you would like to reserve by calling +44 (0) 121 314 8110 or 0800 021 76 88 or completing an enquiry form. </li>
<li> We will forward to you a reservation form which you will need to complete, sign and return to us together with £1,000 reservation fee. </li>
<li> You will also forward to us a completed finance enquiry form which we will send you. </li>
<li> We forward the relevant documentation to the developers and confirm your reservation. </li>
<li> 48 hours from confirmation of reservation you will be contacted by the developer’s financiers who will asses your circumstances and propose a suitable lending route for your deposit loan. You will also receive Contracts for your unit. </li>
<li> On successful application funds will be released to you for your 30% deposit. </li>
<li> 45 Days from reservation, the 30% deposit payment is paid to the developer (less £1,000 reservation fee) and contracts to be signed.</li>
</ul>
<p align="center"> This arrangement is applicable to the following Off Plan Property Abroad Ltd developments: </p>
<p align="center"> <a href="merricksbeachresort.htm" target="_top">Merricks Beach Resort & Residence, Barbados</a></p>
<p align="center"> <a href="lascanasboutiquebeachresort.htm" target="_top">Las Canas Boutique Beach Resort, Dominican Republic</a></p>
<p align="center"> <a href="dominicanrepublic-prerelease.htm" target="_top">Two Rivers Beach Resort, Dominican Republic</a></p>
<p align="center"> <a href="buccamentbay.htm" target="_top">Buccament Bay Beach Resort, St Vincent & The Grenadines </a></p>
<p align="center"> <a href="watersedge.htm" target="_top">Waters Edge at Buccament Bay, St Vincent & The Grenadines </a></p>
<p align="center"> <a href="palmettobay.htm" target="_top">Palmetto Bay Suites, Barbados</a></p>
<p> </p>
<p> For further information on this scheme, please complete an <a href="http://www.offplanpropertyabroad.com/informationrequest.php?property=Caribbean%20Finance%20Solution">enquiry form</a> or telephone +44 (0) 121 314 8110 or 0800 021 76 88. <br>
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