CAN YOU HELP US GET A MORTGAGE?
Mortgages are available on the Island to overseas purchasers and we can introduce you to a mortgage provider who will be able to assist you.
Are time share purchases available?
No.
Are fractional joint ownership purchases available?
Yes. There are 3 units available in this form. Maximum of 4 owners per unit. Units are sold on a turnkey and are fully furnished.
WHEN I BUY A UNIT HOW MUCH TAX/STAMP DUTY DO I PAY?
There is no stamp duty payable on the purchase of the property.
WHEN I SELL MY UNIT HOW MUCH TAX/STAMP DUTY DO I PAY?
This will depend upon how the property is owned. Property Transfer Tax (PTT) is chargeable on the sales price. However a Tax efficient structure can eliminate this expense.
WHAT ARE THE PROCEDURES FOR BUYING IN BARBADOS ?
A separate sheet has been prepared to help explain the procedures, please ask for a copy.
Can you recommend a lawyer on the island and what do they charge?
We would be happy to recommend a good lawyer to you who is familiar with the development and who can process your purchase expeditiously and minimise cost. Legal fees are set on a sliding scale but on average a purchaser will pay around 1.5% of the purchase price. |
