Our Company does not do any financing, but we will be able to assist you in obtaining a Mortgage by one of the financial institutions throughout Trinidad & Tobago which are set up for this purpose. In general, it is possible for Trinbagonians who do not live in Trinidad or Tobago, to obtain local mortgage financing. Typical norms are between 75% and 90% of the value/purchase price can be financed. If you are not residing in Trinidad or Tobago interest rates will be around 12% owner occupied (meaning: no other use) and around 14% plus for rental or income generating purposes. Mortgage interest rates also depend on the type of arrangement between yourself and the Mortgage Company and how many years the Mortgage is for. Therefore it is very important to get good and professional advise from a reputable Mortgage Company. Please note: To qualify for a local Mortgage in Trinidad and Tobago you must:
At the pre-mortgage stage most banks or financial institutions require documents to support your application for a mortgage so they can be satisfied that you have the ability to service the loan. Below is a basic list of requirements for the bank’s consideration for a mortgage, construction, renovation or bridging loan.
For Construction or Renovation, in addition to the above, the following:
(Most banks or financial institutions will rely on their own list of approved Valuators or Quantity Surveyors) Trinbagonians or Residents who are planning to return permanently to Trinidad but have lost their T&T Citizenship or Residency Status, you can re-apply, however be prepared that this is a lengthy process and will take at least 6 months to 1 year, so if you are planning to return immediately after you purchased a property, or in case you have to get a Mortgage, make sure you have your Citizenship or Residency status in order before making a deposit on a property. Please, also read our "Buying & General info" page for details. If you wish to get an idea of what a Mortgage will cost you, the monthly installments, or even find out if you can qualify, CLICK HERE or the image below for our On Line Mortgage Calculator (opens in new window).
Kind Regards, R. Drappier AssocRICS Owner / RICS Registered Valuer / Broker. ![]()
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