Mortgages on Australian Property
Wednesday, October 15th, 2008Expats 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