Buyers Information
Buyers Information
If you are considering a property purchase in Guyana, commercial banks offer mortgages for both first time and repeat buyers.
Their lending criterias vary and I recommend you seek Independent Financial Advice to secure the best deal.
However, a few general tips may be useful:
1. Banks generally offer 90% of loan to value mortgages .
2. Repayment terms normally run from 15 to 30 years.
3. Lawyers fee is 2% on cost of property.
4. Stamp duties & tax is 2% on cost of property.
Please do not hesitate to contact me for further information.
