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Old 08-05-2008, 07:44 PM
redangel7861 redangel7861 is offline
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Join Date: Jan 2008
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Quote:
Originally Posted by Jeremy Sturgess View Post
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%.
Not sure mate. The information I have given you is the information given to me by the developer. Maybe Dan could clarify this matter on the forum.

Rgds
RED