Getting an overseas mortgage

[Pioneer]

Hi All,

Myself and my partner have been here a couple of years and have decided to buy a place. The only snag is that the best mortgage offer we can get is 80% from local banks. This presents a problem as it means a big cash deposit which we don't have.

I am from the UK and there it is easy to get a 100% mortgage, so my question is does anyone know of any banks that although might not be based here would be prepared to offer an overseas mortgage at a better rate than 80%?

I know that the mortgage would probably be subject to its own country's interest rate but if it is an EU bank then I would not be too concerned for a couple of years until I could remortgage locally.

Thanks for the help.

[tattattoo]

Hi All,

Myself and my partner have been here a couple of years and have decided to buy a place. The only snag is that the best mortgage offer we can get is 80% from local banks. This presents a problem as it means a big cash deposit which we don't have.

I am from the UK and there it is easy to get a 100% mortgage, so my question is does anyone know of any banks that although might not be based here would be prepared to offer an overseas mortgage at a better rate than 80%?

I know that the mortgage would probably be subject to its own country's interest rate but if it is an EU bank then I would not be too concerned for a couple of years until I could remortgage locally.

Thanks for the help.

Well, for banks loan in Singapore is case to case basis.

they will look into your banking profile.

the time you have stayed in singapore.

your job title.( e.g doctor, lawyer, director, CEO, COO)

your company(whether is it a MNC or big company in the world)

most important your salary.

Most local banks loan max to foreigners 80%. I have heard some friends able to get through with max 85% but rare cases.

So it better for you to talk to some bankers.

hope you a loan soon.

tattattoo

[keepitreal]

Do you have any UK property in which to leverage equity off?

If so, you can try RBS Singapore who might be able to help you.

RBS International Personal Banking
1 George Street # 10-00
Singapore 049145

T: (65) 6517 5762
F: (65) 6517 5056
Email: [email protected]

[Pioneer]

Thanks guys, we have already been through the local bank scenarios and although I am in process to get PR the best I can get at the moment is 80%. Once (if) I get PR then the chances for 90% are much better.

Unfortunately I dont have any UK property as this was leveraged off me by my ex wife!!

So seems back to square one.

Cheers