Mortgage in Egypt

[realestatemart]

Originally Posted by wemyss1960

I have Just received this reply from HSBC


Thank you for your e-message. Please note that we offer housing finance for Egyptians.

For further assistance, please arrange to contact us on +2 02 19007 or +2 02 27281300, 24 hours a day, 7 days a week.

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Adam Caan,

would you like to give us any information on the mortgages you or your developer have agreed?

can you give us specifics?
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As of Monday 23rd February I will have a dedicated IFA who's sole responsibilty will be Egypt. I will update you on his progress as it happens.

regards

Stuart (UK mortgage broker - Primary Mortgage Centre)

HI They Said offer housing finance for Egyptiansnot foreigners what a great news !!!!!!!!!!!!!!!!!!!

[danieltamplin1]

we can today confirm mortgages to be available on certain developments.

provided by HSBC

Over 15 years

flat rate of 6.9%

I will be in Hurghada from tomorrow if anyone is about let me know.

Kindest regards

Dan Tamplin

[jeremy bright]

Originally Posted by realestatemart

HI They Said offer housing finance for Egyptiansnot foreigners what a great news !!!!!!!!!!!!!!!!!!!

dont no what you are saying with this you have put not for foreigners as all peaple from the uk are foreiners in egypt

[jeremy bright]

Originally Posted by danieltamplin1

we can today confirm mortgages to be available

provided by HSBC

Over 15 years

flat rate of 6.9%


I will be in Hurghada from tomorrow if anyone is about let me know.

Kindest regards

Dan Tamplin

but on your last post you put

housing finance for Egyptiansnot foreigners what a great news !!!!!!!!!!!!!!!!!!!

[realestatemart]

Originally Posted by jeremy bright

but on your last post you put

housing finance for Egyptiansnot foreigners what a great news !!!!!!!!!!!!!!!!!!!

I nevered heared they open it for foreigners

[Mikeyv]

Hi All,

If any brokers out there have any information on Egyptian mortgages I would love to hear from them!!!
please email me

[hiszein]

Originally Posted by Mikeyv

Hi All,

If any brokers out there have any information on Egyptian mortgages I would love to hear from them!!!
please email me

give me ur email address to send you the details I have
Hisham

[wemyss1960]

To date there are definitely no mortgages available to foreign nationals who do not have a residence visa and work permit.We are working on this and hope to be the 1st to offer genuine mortgages in Egypt.

For people who have equity in their UK property a re-mortgage or further advance is the cheapest and quickest option.

[jeremy bright]

Originally Posted by worldrealestate

But Hania Beach offer this service through HSBC as i heared so what you think?

i hope some one will clearer this up as getting very confusing i can get a mortgage with my developer sigma is from a broker over in Egypt

[J4hurghada]

HI JUST RECIEVED THIS FROM OASIS MARINA AND THEY ARE DOING A FINANCE PACKAGE FOR 5 YEAR PAYMENT ARE AS FOLLOWED
We recently sent you the prospectus for the beachfront Oasis Marina Beach Resort in Hurghada, Egypt.. We are pleased we can now offer a finance package, where clients may spread payments to their apartments over five years.



Extended Payment Terms



10% of the total price is payable within 14 days of reserving the apartment

This reservation fee/deposit will be refunded if clients decide not to proceed with the purchase



30% is payable within eight weeks of reserving the apartment

This payment confirms the purchase. Clients will be issued with an Agreement Contract



20% is payable on completion of the apartment



The remaining 40% is paid in 20 quarterly (5 years) instalments beginning up to five months from the date the apartment is reserved. (Quarterly payments will be due 31 March; 30 June; 30 September; 31 December.)



Early Repayment

Clients may pay for the apartment in full at any time before the final payment is due, without penalty.



If the balance outstanding is paid within three years of the date of the Agreement Contract, clients will benefit from two years' free maintenance.



If the balance outstanding is paid within four years of the date of the Agreement Contract, clients will benefit from one year's free maintenance.