If you already own a home but wish to buy another investment property for the purpose of renting it out to tenants, then our Buy- to- Let product is the mortgage to facilitate this.
Loan Purpose – To purchase a home as an investment. Tenure – 10 to 15 years. Debt Burden - Not more than 40% of net income Maximum Facility Limit – Up to 80% of property price. Repayment – Fixed Monthly Repayment.
Access to a dedicated relationship officer to handle all activities in relation to mortgage facility. Available funds to purchase a home which serves as an investment for the client. Easy access to insurance facilities for the mortgage facility. Competitive charges. Transparent terms and conditions. Flexibility to purchase your building from a preferred real estate company or private vendor.
Property must be residential. Applicant must pay off the loan before their 60th birthday. Vendor must be the valid owner of the property (ownership evidenced by Land Title Certificate or Fully Registered Indenture or any other document acceptable to GHL Bank).
Additional Required Documentation for Self-Employed Applicants