Mortgages Caribbean
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About: This section of our Mortgage Findings is based on Countries within the Caribbean or Select A Country

Barbados Mortgages

Barbados

Mortgage Types Available:


Residential Mortgages

Known banks & Policies:

Barbados National Bank http://www.bnbbarbados.com
Caribbean Commercial Bank
Royal Bank Of Canada
Scotiabank

For Mortgage Application:

Agreement of Sale
Copy of Deed/ Certificate of Title
Valuation Report
Copies of Lease Receipts (if applicable)
Up-to-date Land and Building Taxes and Water Rates
Certificate of Compliance
Two Forms of Valid Identification (Identification Card, Driver's Permit/Passport)
Confirmation of Savings/Debt
Job Letter & Recent Pay Slip
If Self -employed, evidence to support Income e.g. Financial Statements for the Last 12 Months or more
Builders' risk and Comprehensive Home Insurance coverage

Current Interest Rates:

An interest rate of 7.5% 100% financing up to 30 years at BMFC and 35 years at BNB

Other Fees / Taxes:

Insurance fees, Legal fees and Valuation fees

Mortgage Discussion

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Mortgage Findings
The majority of real estate sales by President Trump's companies over the last year were to shell companies obscuring buyers' identities, a USA TODAY investigation found. USA TODAY's review of every real estate sale found that in the past 12 months, about 70% of buyers of Trump properties were limited liability companies. That compares with about 4% of buyers in the two years before he won the GOP nomination. Source 1n.

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