Florida Real Estate, Tourism and Immigration News

Do you have a BMA loan on your Florida Property?

The US dollar, as you probably know, has rapidly risen to a 6-year high against the pound – from $1.80 – $2.00 a few short weeks ago to the low $1.60′s at time of this email.

If you currently have a Sterling mortgage on your Florida home this could be an ideal time to re-finance it into dollars – and potentially reduce your Florida mortgage amount by 10-15%.

The mother of Lee Weaver, our Director of Operations, recently refinanced her UK mortgage, for example, and reduced the outstanding loan on her Florida villa by over $22,000.

from Mrs. Weaver’s note…

Thank you Chris and BHG for looking after my Florida interests all of these years and letting me know that it was a good time to consider changing the mortgage on my Florida home from pounds to dollars. I was fortunate with my home value to be able to include most of the costs in the process and still reduce my original US loan balance by just over $22,000.

A $200,000 mortgage taken out at $1.95 would reduce to $169,231 when converted back at $1.65. That’s over a $30,000 principal reduction.

To see if the time and circumstances are right for you, please give us call, or complete the short form by clicking the link below, for an evaluation of your current mortgage position and refinance options – as always, without obligation or cost.

This window of opportunity may be short and we are expecting a lot of inquiries so please provide as much information on the form as you can

http://www.britishhomesgroup.com/refinance-your-sterling-loan.php#refinance

Sincerely,

Christine Doran
General Manager
www.BritishHomesGroup.com

Bank of England Cuts Rates!: This very welcome news to UK homeowners has a knock on effect to Florida in many ways: UK Buyers have more disposable income, UK Buyers can take advantage of our Multi-Currency mortgage – which when the loan is in pounds sterling, tracks the Bank of England Base Rate and a rate cut is aimed at boosting the economy! A boost in the economy in the long term means an advantageous exchange rate for British Buyers looking to buy property in Dollars!

Florida property is a fantastic investment opportunity at the moment, the the exchange rate over $2 to £1 and low prices it is a great time to buy.

Please contact us using our free online form right now if you are thinking of Refinancing or Purchasing a Florida property. 

How does 5 bedrooms, 3 bathrooms and your very own private pool sound? Great huh? How about the added bonus of being just minutes from the most famous theme parks in the world – Disney!

The British Homes Group is proud to present 1028 Clear Creek Circle in Clermont. As a real bonus the property is also fully furnished and would be a great holiday home as well as investment opportunity and at this price of $225,000 (roughly £112,500 at an exchange rate of $2 to £1) it is a bargain that will not last long.

The property was built in 2001 and is convenient for shopping as well as the theme parks. Located off Highway 27 near the junction with US 192 its location is prime. The gorgeous  and inviting pool area is something which should not be missed.

This property is definitely something for you to consider if you are looking for that great Florida home in the heart of the worlds playground.

With over 300 days of sunshine a year and average temperatures up in the high 20′s Centigrade it is no wonder that people love coming to Florida to avoid the British winter.

Please contact us on our freephone UK number 0800 096 5989 to find out more about this property as well as allow one of our Mortgage Advisors to discuss the option of having a mortgage on a Florida property – with downpayments as little as 20% (so on this property you could own it with only around $45,000 -£22,500!- down!)

New for 2006 is the multi currency mortgage from Lloyds TSB. At one time offered exclusively in Central Florida by the British Homes Group this innovative new mortgage allows the borrower to switch the currency of their Florida Mortgage without the usual closing cost and setup fees. If you are unsure whether to be in pounds, dollars, euros or even yen for your Florida Mortgage, this product could be perfect for your needs.