Butterfield Bank (Cayman) Limited is offering a special introductory rate on mortgages for home purchases.
Qualifying customers will benefit from rates offered at 0.5 per cent per annum below the bank’s normal rates for home loans for the first 12 months of their mortgage, meaning rates will start as low as Prime. All Classic, First Time Buyer and Gold mortgages approved between now and 31 December will qualify for the discounted rate.
‘With the launch of our new Lifestyle Mortgages range one year ago, we were the first bank to introduce transparent, product specific, pricing,’ said Maureen Watler, the bank’s head of mortgage lending. ‘This promotion builds on that commitment to homebuyers in Cayman and is of particular benefit to customers when they traditionally need it most – in the first year after purchasing a new home.’
With Butterfield’s First-Time Buyer Mortgage, customers will enjoy no bank lending fee and the option to repay over up to 35 years, states a press release.
Butterfield’s Classic Mortgage caters to the needs of individuals who may already be a homeowner but want a mortgage with a full range of options that are clear and easy to understand. Customers will enjoy a pre-approved Butterfield Classic Visa credit card and preferential insurance terms with Island Heritage.
For customers who enjoy a high, disposable income and are looking to make their available cash work harder, Butterfield’s Gold Mortgage offers a pre-approved Butterfield Gold Visa credit card and preferential insurance terms with Island Heritage.
Each Butterfield Lifestyle Mortgage is subject to approval and various payment options are available. For more information or to take advantage of this limited time offer, email [email protected], call 949-7055 or stop in to Butterfield Bank’s lending office in George Town.