The Bahamas Mortgages


The Commonwealth of the Bahamas, situated in the Atlantic Ocean, is an archipelagic state which consists of more than 700 islands, cays and islets. The Bahamas mortgages industry has benefited from investment by non-residents who flock to region to enjoy the beautiful scenery and the relaxed lifestyle. The Bahamas covers an area north of Cuba, north-west of the Caicos Islands, south-west of Florida and east of Florida Keys. It is safe to say that Bahamas real estate is much sought-after which is reflected in the typically high prices.

Some of the more popular holiday destinations in the Bahamas include the Atlantis Paradise Island, Nassau, Harbour Island and Grand Bahama. The best place to buy property in the Bahamas will depend upon the type of property you are looking for and your budget but it is safe to say the area will accommodate all interested investors. So, how easy is it to purchase real estate in the Bahamas?

Can foreigners buy a house in the Bahamas?

The fact that the Bahamas mortgage market is relatively liquid and can accommodate large value real estate purchases says everything. The Bahamas government have been very keen to attract overseas investment for many years. As a consequence, the process of buying a house in the Bahamas is relatively easy even for foreign investors. Indeed, securing a Bahamas mortgage, acquiring your dream home and enjoying the attractive tax environment has led to many people becoming resident in the area.

We have contacts across the local and international mortgage market which ensures that we can structure a deal which best reflects your financial situation and income. We tend to find that foreign investment in the Bahamas is best accommodated via private banking operations which are often more flexible in terms of appreciating foreign income and worldwide assets. This also allows us to use our experience to structure the perfect deal for you, present your financial situation in the best light and secure mortgage finance.

Private banking facilities

Private banking services in the Bahamas tend to be targeted towards high net worth individuals. Indeed, when securing a mortgage in the Bahamas you will require a degree of liquidity and an interest reserve account equal to one year’s interest on your mortgage. There is a degree of flexibility with regards to the general criteria and our experience and presence in the region gives us more options than most mortgage brokers.

Renting property in the Bahamas

Buying a vacation home in the Bahamas has proved to be extremely appealing to many high net worth clients. While there is the option to rent out your property for part of the year it is worth noting that foreign investors will require a rental licence. There is also an annual tax charge for renting out properties:-

  • Less than $250,000 is 0%
  • $250,000 up to $500,000 is 0.75%
  • In excess of $500,000 there is a charge of 1%

When you consider that properties in the Bahamas regularly change hands in the tens of millions of dollars it is worth taking into account this annual tax charge if you are looking to rent out your property.

Let Enness structure a deal for you

As Bahamas real estate is targeted towards high net worth individuals there is a fairly liquid mortgage market in which Enness has a strong presence. Financial services in the region also tend to focus around high net worth individuals and as a consequence private banks are often the main source of finance for our customers. Whether looking at traditional or bespoke finance deals we are confident we can put together the best deal for you. There is also the option of private equity, hedge fund and family office funding which is not generally publicised but available to leading market participants.

So, why not give us a no obligation call today to discuss your situation in more detail, confirm your requirements and allow us to structure a proposal to secure that finance.

Call us +44 (0) 203 758 9393 or submit your details and a broker will get in touch.

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