Or, in other words: the simple solution to buying property with a foreign currency income
- All those whose income is linked to the US dollar or is paid in any other foreign currency.
- Investors seeking a loan to finance a property with the intention of leasing it for USD-linked rental payments.
LIBOR (London Inter-bank Offered Rate) is calculated based on estimates from leading London banks and published every business day. This interest rate represents the rate that is charged by banks lending to each other, and is very commonly applied to short-term loans of up to one year.
Provision of credit is at the sole discretion of the bank. Failure to comply with loan repayment may result in interest on arrears and repossession proceedings.