Real estate financing —

To ensure your vision becomes reality

With our comprehensive range of real estate financing products, you can easily make your dream of owning your own home come true. We are the premier lenders in the British Virgin Islands, and our experienced specialists will actively support you in determining the best financing option for your new construction, alteration of a property or real estate acquisition. Our assistance also includes optimally matching the terms and interest charges to your asset situation. Use our mortgage calculator to easily determine the affordability of your dream real estate.

A fixed-rate mortgage is suitable for you if you want to plan your interest costs for real estate financing over the long term and expect interest rates to rise.

This is because the interest rate remains unchanged throughout the entire term with a fixed-rate mortgage. It is based on the market conditions at the time the mortgage is concluded. For you, the fixed interest rate means expenses that are easier to budget for, because your charge always remains the same.

Advantages

• Constant interest charges even when the interest rate rises
• Opportunity to benefit from lower interest rates over the long term
• Precise planning
• Can be combined with other products.
• Custom combination of several fixed-rate mortgages with different terms possible

Restrictions

• No opportunity to benefit from a reduction in the interest rate level during the term
• No cancellation or partial repayment possible during the term
• Maturity may occur in a period of high interest rates, making refinancing more expensive.

A construction loan is suitable for financing new construction as well as alteration or comprehensively renovating an existing property.

With a construction loan, you finance new construction as well as alteration or renovation. A separate construction account on a current account basis allows you to pay the invoices of the companies and tradespersons you commission from a single key account. After completion of the construction phase or at previously defined times, you have the option of converting the construction loan into one of our mortgages. The interest rate of the construction loan is variable and based on trends in the money and capital markets. Interest on debt and credit commissions are settled at the end of each quarter and debited directly from your construction account.

Advantages

• Optimal overview of payments made according to construction progress.
• Calculation of interest and commissions only on the debt balance that is actually claimed.
• Free choice of another VP Bank mortgage product after completion of the construction work

Restrictions

• Interest rate may fluctuate during the construction phase