International Mortgage News

Multi-Currency Mortgage Lending in Hong Kong

In the case of Hong Kong, this service is available to residents and non-resident.

Where a client is associated with a particular currency via their earnings or assets, it can make sense, to borrow in that particular currency. An example being someone paid in US dollars, who is purchasing a property in Hong Kong. The mortgage would normally be arranged in Hong Kong Dollars, but can be arranged in USD to minimise the clients exposure to regular exchange rate shifts.

Currencies available include: Sterling, Euros, Swiss Francs, US Dollars, Hong Kong Dollars, Singapore Dollars, Australian Dollars, New Zealand Dollars and Japanese Yen.

Currently lending of this type can be arranged in Hong Kong to a maximum of 70% of the value of the property.

Details correct at 14/07/09

Individuals must demonstrate adequate net asset value and disposable income to service the loan.

Want to find out more information, please contact us via our website: www.international-mortgage-broker.com

www.international-mortgage-broker.com and IMB Financial Solutions are trading names of Julian Myles Fidler

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

Expats and Foreign nationals buying or remortgaging property in Australia

This is particularly great for clients working in: Hong Kong, Singapore and Japan, as an example; who get paid in the local currency and can therefore benefit from the rates available in their respective currencies.

Please note you must have some connection with the currency of your choice, ideally having income in the currency of the mortgage. We do not recommend ‘currency mortgages’ as a cheap method of finance per se. Exposure to exchange rate risk can cause significant increases in the monthly payments and in the size of your debt.

Rates Available:

GBP 6%
EURO 6.41%
USD 5.07%
CAD 5.38%
AUD 8.95%
NZD 10.31%
CHF 4.11%
YEN 2.15%
HKD 5.25%
SGD 3.33%
Rates correct as at 01/10/08

A minimum deposit of 30% is required.

This product is only available to Expats and non residents wishing to buy property in Australia. We cannot accept applications for Currency Mortgages from Australian residents with this particular product/lender.

We are currently working on developing relations with other banks and brokers to expand our offering in Australia, so even if you do not fit the above criteria we might be able to help.

Please feel free to contact me via my website: www.international-mortgage-broker.com

Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.

© Julian Fidler 2008 - International-Mortgage-Broker.com provides Mortgage & Lending Solutions for the International / Overseas Property Market. We work with Private Banks & Off-shore Mortgage Lenders.

See our Mortgage Case Portfolio for examples: Caribbean Mortgage, American Mortgage, French Mortgage, Spanish Mortgage , Greek Mortgage.

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