Quote:
Originally Posted by redangel7861
Your correct in assuming that I was informed by the developer that HSBC would be providing the mortgage. The details I was given were as follows:
HSBC would be providing a fixed rate 15 year interest only mortgage at 6.9%
Rgds
RED
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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%.