For the threshold calculation, the rule is that the price is actually paid and documented; mortgage/loan structures can weaken the threshold calculation. The financing plan must be run through an eligibility check before the application.
The distinction that matters: a mortgage in favour of a bank is generally fine as long as the full USD 400,000 is actually paid to the seller and documented. But any part of the price left owing — vendor or deferred finance — is not counted towards the threshold. Run the financing plan through an eligibility check before signing.
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This content is for general information only and does not constitute legal advice. Please contact our team for an assessment of your specific circumstances.
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