The legal framework for Turks and Caicos real estate ownership is the Torrens Land Registry System, with title to land guaranteed by the Crown. The Register, which is available for public inspection, discloses all relevant information. Once a person or corporation is registered as owner with absolute title, a purchaser need not make any enquiry into prior title. No Turks and Caicos government consents are required in registering title and there is no restriction on foreign property ownership. There is a land transfer tax of 0 to 3% based on property value in lesser developed islands and 0 to 9.75% on Providenciales. There are NO real estate taxes imposed in connection with the ownership, development or disposal of land in the Turks and Caicos Islands.
 
Currency
Unlike The Bahamas and Cayman Islands, the currency of Turks and Caicos is the US dollar, against which the British pound is performing very well. The islands are also a tax free offshore financial centre making property purchase even more interesting from an investment point of view.

Mortgages
Mortgages are available for non residents

• Max 70% LTV
• Max term 15 years
• 300,000 USD minimum loan
• Repayment mortgages
• Rates from 6.00% variable
• Currency = Dollars