First Caribbean International Bank (Offshore) Limited

First Caribbean BankIf you are buying a property, the First Caribbean International Mortgage is available for up to 70% of the purchase price or of the Bank’s valuation of the property (whichever is lower) and up to 50% if you are building.

Our Offering for St. Lucia is 60% financing for properties costing up to USD$1.5 million exclusive of furnishings. For construction projects (self-builds) financing is limited to 50% financing. For selected developments, a higher LTV may be considered.

For property purchases costing in excess of US 1.5 million, our financing is limited to 50% of cost, exclusive of furnishings.

Mortgages run for up to 15 years and First Caribbean offers internationally competitive rates linked to US prime for amounts up to USD$750,000.00 and 3 month LIBOR for amounts in excess of USD$750,000.00.

Interest rates can be fixed for 3 and 5 year periods.

Our mortgage is normally structured over a maximum 20 year term, or until retirement.

Interest rates are linked to USD 3 month Libor + 3%.

Fixed rate options are also available for up to 5 years.

Interest Only options may be considered, however they are limited to a maximum interest only term of 5 years, thereafter, if a balance is out-standing, it is repayable over the remaining term through payments representing a blend of principal and interest.

Repayments are quarterly for interest rates linked to LIBOR.

You must be an International Banking Centre customer to qualify for a mortgage.

Our International Mortgage offers non-nationals and non-residents an option to finance property purchase in St. Lucia using the said property as security.

Here is a list of our minimum personal account opening and mortgage requirements. Please note that the Bank reserves the right to request additional information / documentation as part of its due diligence and credit analysis policies.


  • Minimum mortgage amount USD250,000.00
  • Fully completed application form
  • Letter of introduction from employer to confirm remuneration, office held and length of employment
  • Tax returns for the last three years (full sets)
  • Last six (6) months original bank statements, to include evidence of savings
  • Original report from your accountant on your assets and liabilities
  • Professional valuation of property being purchased (from a valuer approved by the Bank)
  • Copy of the signed purchase agreement
  • Credit bureau report
  • Evidence of the source of funds that will represent your contribution to the proposal
  • Last three (3) years audited financial statements, if applicant is a company or owns a company that is the source of individual’s remuneration.


Documents required from the Applicant

  • Aliens Licence application form duly completed by the Applicant
  • Photocopy of passport i.e. date of issue and expiry date
  • 4 Passport sized photographs
  • A Curriculum Vitae
  • 2 Banker’s reference
  • A Police Certificate of Good Character from country of origin. (Please note that in order to obtain this clearance, you must request a National Service Authentic Document)
  • A set of fingerprints
  • A letter of undertaking (not required if there is a building on the property)
  • N.B. The Statutory Declaration on the Alien Licence Application Form MUST be executed in the presence of a Justice of the Peace or a Notary Public.

Other requirements:

  • Alien Landholding Licence receipt (EC$1,500.00 – to be paid by the applicant)
  • Map Sheet
  • Survey Plan
  • Land Register

Click here to download Application Form.