Villas in Barbados | Barbados Property

Why invest in Barbados & Merricks

Barbados is perfect for property investors; here are some of the reasons why to invest:

Just £1000 to pay until completion

Non Status Mortgages available up to 70% LTV

Assignable contracts - allowing you to sell

Two years off plan then two years with 10% rental guarantee

Realistic capital growth of 30% + per annum next two years

Option to purchase within the 5* hotel complex with a 50% revenue share, or within the residences ...where you rent separately

Rental yields of up to 33%

Full luxury furniture packs included in the resort properties

Available now off-plan, Merricks offers the astute investor willing to participate at an early stage a quite exceptional opportunity. Spacious studios, apartments and stunning cliff-top villas from £170,000 to £1,500,000+.

Exceptional finance arrangement resulting in almost a No Money Down deal on completion. This is a special arrangement for UK investors and has never been achievable before on Caribbean property, Realistic capital growth of 20%+ per annum for the next four years. This means you could achieve a return of 1,000% on your investment in the next four years!

Property Investors can purchase within the 5* hotel complex with 50% revenue share and potential rental yields of 20% to 30% per annum, but still enjoy 30 days free use of their own property

Second home owners can purchase within the Residences and have complete flexibility over the time that they spend in their holiday home, whilst opting to rent their properties within the resort if they choose.

Property Types (All apartments come with a 2yr 10% rental guarantee if you place it into the resort rental scheme, and all resort cabanas will earn a 50/50 room share rate on all rentals)
Merricks Caban's All Resort Cabanas come with 10% Guaranteed Income for two years with a 50/50 room share rate for five years

About Brooksfeller International

Putting you first!

Choose Brooksfeller International Property and you have the peace of mind of an established overseas real estate agent helping you find your new home in no less than twelve countries: Brazil, Bulgaria, Cape Verde, Cyprus, Caribbean, Dubai, Italy, Morocco, Portugal, Spain and Turkey and Thailand.

We are committed to customer care and client satisfaction always aiming to ensure you have a relaxed and enjoyable experience from purchase onwards, including support from our comprehensive after sales team.

Most important of all, we can offer you the best portfolio of overseas property you will find. Beautiful new and resale homes in a stunning range of locations around the world. Villas, penthouses, townhouses, apartments, terraced houses, traditional dwellings and plots, for your holiday home, retirement or purely for investment.

Payment example - 100% Finance Available

Based on a Purchase Price of £200,000

To reserve a specific property you will need to pay a £1,000 non-refundable Reservation Fee.

Within 45 days of reserving your property you will need to pay a 30% Deposit (Less the £1,000 Reservation Fee) which is £59,000 (£60,000 - £1,000).

The above deposit can be paid by an available secured loan (which can be provided by the Developer) at an Interest Rate of Approximately 6% pa. The interest would be £3,540 pa, or £7,080 over the anticipated 2 year build time.

This £7,080 is paid on your behalf, by the developer, and rolled up to be repaid at completion time (see below)

Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it is anticipated that the £200,000 purchase price will have grown to a property value at completion of about £325,000.

At this point a 70% "Loan to Value" guaranteed mortgage is available and you will therefore be able to borrow up to £227,500. This is clearly ample to pay for the £199,000 (purchase price less £1000 reservation fee) that you owe as well as the accrued interest of £7,080 (from the above example).

Assuming you borrowed the maximum loan to value mortgage, available from the example above, you would borrow £227,500 on which the annual interest payment would be £18,200 based on a rate of 8%.

The Rental Guarantee of 10% of your purchase price of £200,000 will generate you an income of £20,000 each year, should cover your mortgage payments. If you wish you could retain the £59,000 loan you took out for the deposit, pay the interest yourself each month, from completion onwards, and use the money to invest in a further investment property purchase.

After 2 years the 10% Rental Guarantee will end. At this time you will be able to take advantage of the 50% Room Rate share which is estimated to be worth at least £40,000 per year cash flow.

Enquire now for more information on Barbados real estate

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