Florida

Please note, that although there are non-status/self-certification mortgage facilities available in Florida (although renting out your property is permitted), all loans over 75% LTV need to be supported by a mnimum requirement of proof of income, i.e. if employed - copies of your last three month's payslips & copies of your latest P60/Employer's Reference together with copies of your last 6 month's Personal Bank Statements will be required or alternatively if you are self-employed - copies of your last three years Audited Accounts & copies of both your last 12 month's Business and last 6 month's Personal Bank Statements will be required on application.

Florida Lenders may take into consideration 50% of any proposed Rental Income from the property for mortgage purposes/repayments providing it has been on the rental market with proof of leases.

Your loan is based on your joint gross pay and is calculated n an affordability basis. All your existing liabilities including any mortgage/rent payments, personal and bank loans, credit cards (if the balance is not cleared on a monthly basis) and any maintenance - ie: Divorce - payments together with your proposed USA mortgage payments must not exceed 36% of your net monthly income.

Example:
Net joint monthly income £ 2,500 times 36% of that figure is £ 900 minus existing monthly mortgage payment £ 300 - No other liabilities. This leaves a balance of £600 for a proposed Florida Mortgage payment

Mortgage details:

• Maximum loan to value 90%
• Maximum loan to value for self cert mortgages 75%
• Maximum term 30 years
• US Dollars, Sterling or Euros only
• Repayment and interest only mortgages available
• Low start rates from approximately 1.00% variable or approximately 7.00% fixed in US Dollars