Mortgage Providers

The Cayman Islands are the world's 5th largest banking centre and the corresponding banking and financial business sector, has a very strong presence on the island. The tight Monetary Authority guidelines and regulations are in compliance with the OECD's (Organisation for Economic Development and Cooperation) requirements and a 'know your customer' policy is stringently practiced. Although there are approximately 500 banks in Cayman, only a few are licensed to do retail business. The retail banks service the real estate requirements of the local population, and also help overseas residents to finance their real estate purchases. They offer telephone and internet banking services, including the ability to order drafts, arrange wire transfers, check on accounts etc. They also have a wide network of ATM's, located island wide. Interest rates do vary between 1 and 3% above New York Prime so it is wise to look around. Variable or fixed interest rates are available. The usual term for a mortgage is 15 to 30 years, with deposits ranging from between 5 to 30%, depending on the individual's status etc. The individual banks will be able to advise you in greater detail regarding your financing requirements.

Legal Advice

The Cayman Islands have a very organised, modern and efficient Land Registry system in place, where title is granted and guaranteed by the Cayman Islands Government.
There are many experienced law firms in the Cayman Islands, many with specialist real estate lawyers who are experts in the local property law. We would like to recommend the following companies:

Property Management

There are generally three kinds of rental properties in the Cayman Islands, and there is a correspondingly well developed Property Management business sector that has been set up to manage and oversee Commercial and Long Term Rental Leases.

Commercial properties would include office buildings, shopping malls etc, for which there is a high demand on the island with the ongoing development of the island's infrastructure.Long Term rentals, would include private homes and condominiums as well. This group is predominantly marketed with the islands resident working population in mind, who do not own their own homes and require long term rental properties to live in.

We would like to recommend the following company:

Surveyors & Appraisers

Below please find a small selection of Surveyors/Appraisers who offer their services in the Cayman Islands. A surveyor is an engineer who determines the boundaries and elevations of land or structures, while the appraiser determines the value of a property

Architects & Contractors

The Cayman Islands has many highly qualified and very talented architects as well as reliable contractors, "who can handle anything". Below is only a small selection of companies.

Architects

Contractors