Released on: September 22, 2008, 7:50 am

Press Release Author: Caribbean Land and Property

Industry: Real Estate

Press Release Summary: Mortgages now available for property in 19 Caribbean
countries.

Press Release Body: The Caribbean property market is a favourite for investors and
expatriates wanting to relocate or purchase a second home. These investments can
often be difficult without securing a mortgage and, since most lenders in the chosen
country will not lend to non-nationals or do so with very high interest rates,
prospective buyers are being turned away. Caribbean Land and Property now offer
mortgages in 19 Caribbean countries to assist those wanting to purchase a Caribbean
property.

The mortgages are available to Caribbean nationals, resident expatriates and foreign
buyers. The mortgage service is not exclusive to those clients buying properties
through Caribbean Land and Property but is open to any qualifying client.
Applications can be made for a mortgage of up to 75% of the valuation of the
Caribbean home or land purchase and interest rates are competitive.

Manager of Caribbean Land and Property Financial Services, Katie Sosna, says “This
service should help a lot of people who want to get on the property ladder in the
Caribbean. We aim to make the process as simple and speedy as possible. Those
interested in the mortgage service should contact us through our website and we will
follow up immediately from there.”

Caribbean Land and Property have teamed up with some of the UK's leading mortgage
providers, to offer Caribbean mortgages in the following countries: Anguilla, Aruba,
Bahamas, Barbados, Barbuda, Belize, Bonaire, British Virgin Islands, Cayman Islands,
Curacao, Dominican Republic, Grenada, Jamaica, St. Lucia, St. Kitts & Nevis, St
Maarten, St. Vincent, Turks & Caicos and Tobago.

Much of the Caribbean is easily accessible through direct and regular flights from
the US and Europe. With tourism as a major part of the regional economy, property
can be a lucrative income generator through rentals. The World Travel and Tourism
Council recently estimated that over US$1.9 billion of economic activity was
generated from travel and tourism in Barbados alone. A continued rise in tourism
throughout the region is predicted over the foreseeable future and this will result
in good returns for buy-to-let Caribbean property investors.

Leading UK property magazine, ‘A Place in the Sun’, recently reported that the
property market in the Caribbean remains healthy despite concerns that it would be
negatively affected by the downturn in the US economy. The variety of the islands,
the warm climate and beautiful environment continue to make the region appealing.

The majority of Caribbean currencies are fixed to the US dollar which makes
calculating exchange rates easy and stable. Some islands, such as Bonaire are
transitioning to use the US dollar as the official currency. The strength of the
British pound and Euro make investment in the region very appealing. With the
generally lower cost of living many are seeking to make the most of their assets by
acquiring property in the Caribbean for their retirement.

Buying property in the Caribbean is a dream for many and now with the Caribbean Land
and Property mortgage facility, the dream can now become a reality.


Web Site: http://www.caribbeanlandandproperty.com

Contact Details: terri@caribbeanlandandproperty.com
www.caribbeanlandandproperty.com
+1 767 449 0599
c/o Design Management Limited, PO 1789, Roseau, Commonwealth of Dominica