BARBADOS TIME SHARE

 A great  opportunity to purchase a  time share with life- time membership in   the popular  Divi Southwinds  BEACH Resort   at the unbeatable price ofUS$3,200.00                                                                                                                            

The Divi Southwinds Beach Resort in Barbados is ideally located on a half mile of white sand beach amidst twenty acres of tropical gardens.

The lively St. Lawrence Gap- a unique area of shops, restaurants, and nightlife- runs through the Divi Southwinds, offering guests a range of activities on and off the beach.

We have on offer a  one- bedroomed spacious suite with a fully equipped kitchen and a host of  amenities . It is available for one week every year.  Save money and have the holiday you have always dreamed of in beautiful Barbados.

For more information you can visit safehavenrealestate.com

 

Today SAFE HAVEN REAL ESTATE is pleased to announce that it is collaborating with  a mortgage provider to offer, for the first time,  mortgages to overseas clients who wish to purchase property through Safe Haven.

These mortgages will be available for the purchase of residential homes as well as to Developers  looking to obtain additional sources of funding .

 WHAT IS A MORTGAGE ?

A mortgage is  a method of using property real or personal  as security for the performance of an obligation, usually a debt.

 Many overseas clients find it very difficult to secure a mortgage in Dominica  as traditional mortgage lenders will want the borrower to be resident for some time in the  chosen country.  The  home country will  be wary about lending money on property they cannot visit in a country whose market they are not familiar with.

 FOR THE FIRST TIME IN DOMINICA  this stalemate has breen broken. We have teamed with a mortgage provider who will offer mortgages to persons  residing overseas wishing to purchase property in Dominica whever they reside.

INTEREST RATE 

The interest rate will be between 8.5%- 9%

 

MORTGAGE CRITERIA

1. Valuation of Property    - Loan - Value ratio:90%
2.  Income   - Gross debt servicing ratio: up to 40%
3.  Other features  Fire Peril Insurance on Property and  Life Insurance on Borrower
4. Credit Rating 570 and above 

Visit www.safehavenrealestate.com for all of your realestate needs

 

An increasing number of people are choosing Dominica (not the same as the Dominican Republic) because of simplicity of living, its breath taking scenery and its friendly people. Citizens from the surrounding Islands, America and Europe are discovering Dominica as a place to invest.

Purchasing Property in Dominica is relatively easy as most property is now registered under the Title By Registration Act. However, it is important to check this and ask to see a copy of the vendors Title before putting any offer in writing or parting with any money.

It is recommended that once you are ready to commit your offer to writing you contact a lawyer in Dominica to ensure that everything is in order. Most buildings are sold on an ‘as is basis’ so if you have any concern obtain a structural survey and make your offer subject to this structural survey. Normally when speaking of Surveys lawyers are speaking only about establishing the boundaries of the land and obtaining the plans in your name If you are buying everything that is in a Title it is a good idea to ensure that the surveyor chosen by your lawyer checks the boundaries and does not just copy the plans. This may save problems in the long run.

If you are purchasing a piece from a larger portion of land planning permission is required to subdivide. You should check the land owner has this or speak with the planning Department. In the absence of such permission you may not get planning permission when you are ready to build.

In certain areas there may be proposed restrictions on building as in the Pont Casse area or the historical district of Roseau. Although these provisions are not yet legally in force it is worth asking our attorney to check that what you want to do is permissible in principle or check with the planning Division.

If you are not Dominican or a citizen of an OECS (Organization of Eastern Caribbean States) country you will require an Alien Land Holding License to purchase more than 1 acre for residential or 3 acres for business. This is the amount you can hold in total. Your Attorney can apply to the Government for such a License.

Visit our website for more details about requirements of purchasing property in Dominica.

Cecily Lees (LLB) (Hons)Attorney-At-Law

Dominica is one of the few islands in the Caribbean which still has primordial rain forests which are mainly in the centre of the island. It has a number of important National Parks including the Northern Forest Reserve, the Central Forest reserve and Morne Trois Pitons National Park which is a World Heritage site. The Morne Trois Pitons National Park has in it such famous locations as the Freshwater Lake, Boeri Lake, Titou Gorge and the Boiling Lake which is the second largest in the world and really worth the trek.

Titou Gorge

The Morne Trois Pitons National Park covers mainly the South East part of the island including areas such as Pont Casse , Saltoun, Corona, and Sylvania.

The Government is undertaking an assessment of development in these areas to try to ensure that the National Park is safeguarded for future generations. Also heavy development may impact on water supplies.

Accordingly the Government of Dominica is currently undertaking a review of the type of development which will be permissible in this area.

There is no zoning in Dominica at the present time but the proposal is to have a Zoning Plan for this Central area. The proposed zoning plan shows the Pont Casse which is becoming a popular area both with locals and foreign investors as allowing only single family residential properties.

There is to be a further consultation with interested stakeholders before the matter is put to Cabinet.

This posting will be updated as soon as there are further developments. Visit the Safe Haven Real Estate website for properties available in Dominica.

Harlem Plaza is one of the coolest spots on the island. It is owned by Bobby Frederick a local rasta entrepreneur who has a love and a natural eye for restoring and bringing to life places and property that many others have seen and overlooked. When restoring a building Bobby pays great attention to detail and the history of the building. His vision has helped to re-generate Newtown into a thriving community. Harlem Plaza is close to restaurants, hotels and dive centre .

It is one of the few places on the island where large events can be held by the community.

Harlem plaza hosts many large events such as the Calypso finals and Bobby always tries to assist the community where he can. For more information about this property visit our web site www.safehavenrealestate.com (ref 427).

We are pleased to launch our blog today! We look forward to providing our readers with valuable information about buying properties and homes in the Caribbean, and especially on Dominica, the Nature Island of the Caribbean.

I am Cecily Lees, a lawyer for more than 25 years and a real estate professional in Dominica for more than ten years. You can read more about my professional background and our company Safe Haven Real Estate on our About Us page.