Quote:
Originally Posted by Jeremy Sturgess
If this is HSBC Egypt (and Im assuming HSBC london wont be doing it directly) then the best they can do for foreigners today (assuming completed development and all DD done following completion) is 10 year term in USD with annual reset of interest rate at 2% over 1 yr us dollar libor. No-one is providing fixed rates longer than a year for mortgages for foreigners in egypt.
15 years is available to egyptians only but only in egyptian pounds and at not fixed and at circa 13%.
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I have seen the documentation with regards to the HSBC mortgage. I am more than satisfied with what I have seen
. Rates are at 6.9% flat rate, period between 3-15 years.
Rgds
RED