Foreign Currency Home Loans.
There are potentially two basic groups of people who can apply for a loan to purchase property in Australia. Australian citizens living abroad and non residents. Australian citizens can borrow and invest in Australia without needing government approval. Non residents need Foreign Investment Review Board [FIRB] approval to purchase property in Australia. FIRB approval must be sought by non citizens prior to signing a contract or applying for a loan, we are unable to apply on your behalf.
We can source, from our lender panel, a home loan for your Australian investment property that offers the choice of being in Australian dollars or USD, HKD, SGD, GBP, NZD or Euro whilst you are living overseas. Lenders approval criteria does apply.
Why Star Financial Solutions?
If you are an Australian expatriot living overseas then we know what you are experiencing. We have lived overseas and understand what it is like coming to grips with a different way of doing things, different laws, different culture. What makes simple things hard is trying to work remotely from the other side of the world and dealing with people who do not know what it's like. Whilst we cannot eliminate all the frustrations and difficulties, we can work with you to make the process as smooth as possible, we have been in your shoes.
What are the benefits?
A Foreign Currency Home Loan is a flexible option for borrowers whose income is in a foreign currency and want to repay the loan in that currency.
AUD currency home loans – you can borrow:
For all Foreign Currency Home Loans – you can borrow up to 75% of the value of the security property.
Information you will need to supply to apply for one of these loans:
Fees, charges and other information you should know about
We can also assist in helping you source the following:
How do you find out more?
To apply for one of these loans send us an email norman.hall@xinc.net.au or give us a telephone call direct on + (614) 0110 0177 [0401 100 177 from within Australia]. Remember if calling that our time zone is GMT + 10 hours. Fax inquiries can be sent at any time on (613) 9504 2075.
Help me get a loan
There are potentially two basic groups of people who can apply for a loan to purchase property in Australia. Australian citizens living abroad and non residents. Australian citizens can borrow and invest in Australia without needing government approval. Non residents need Foreign Investment Review Board [FIRB] approval to purchase property in Australia. FIRB approval must be sought by non citizens prior to signing a contract or applying for a loan, we are unable to apply on your behalf.
We can source, from our lender panel, a home loan for your Australian investment property that offers the choice of being in Australian dollars or USD, HKD, SGD, GBP, NZD or Euro whilst you are living overseas. Lenders approval criteria does apply.
Why Star Financial Solutions?
If you are an Australian expatriot living overseas then we know what you are experiencing. We have lived overseas and understand what it is like coming to grips with a different way of doing things, different laws, different culture. What makes simple things hard is trying to work remotely from the other side of the world and dealing with people who do not know what it's like. Whilst we cannot eliminate all the frustrations and difficulties, we can work with you to make the process as smooth as possible, we have been in your shoes.
What are the benefits?
A Foreign Currency Home Loan is a flexible option for borrowers whose income is in a foreign currency and want to repay the loan in that currency.
- Loans are available in USD, HKD, SGD, GBP, NZD and Euro currencies. AUD loans are also available.
- A choice of weekly, fortnightly or monthly repayments for AUD currency Home Loans.
- A choice of 3 monthly or 6 monthly repayments is available for Foreign Currency Home Loans.
- No monthly administration fee is payable on USD, HKD, SGD, GBP, NZD or Euro currency home loans.
- Interest Only loan terms are available for up to 15 years.
- Principal and Interest Loan Terms are available for up to 30 years.
- Principal reductions are allowed.
- Currency swap is available!
AUD currency home loans – you can borrow:
- Up to 80% of the value of the security property, for loans up to $1,500,000 AUD.
- Up to 75% of the value of the security property, for loans greater than $1,500,000 AUD.
For all Foreign Currency Home Loans – you can borrow up to 75% of the value of the security property.
Information you will need to supply to apply for one of these loans:
- A completed Home Loan Application form [which we will supply to you].
- Evidence of each borrower’s income. This can be satisfied by the latest 2 computer generated payslips. However, if you cannot provide payslips, other forms may be considered.
- Copies of your latest month’s savings and / or transaction account statements to prove financial conduct and consumer loan repayments.
- Evidence of rental income from any existing investment property, together with details of any existing loans (copies of latest loan statements).
Fees, charges and other information you should know about
- An establishment fee is usually payable which includes the cost of the Bank’s legal costs and valuation for one security property. There are further fees relating to additional security properties, if applicable.
- A monthly administration fee will be payable on AUD currency home loans that do not have foreign currency options.
- A fee is payable to switch between different currencies.
We can also assist in helping you source the following:
- An expert Investment Property Advisory firm [they find the residential property for you to invest in].
- Conveyancer or Solicitor to help with the purchase.
- Real Estate agents to help find a property, and look after the rental management or sell an existing property.
- Building Inspections.
- Insurance coverage on the property.
- An accountant to complete and submit Australian tax returns.
- A Financial Planner
- An Australian Stock Broker
- Need something else, just ask and we will see what we can do for you.
How do you find out more?
To apply for one of these loans send us an email norman.hall@xinc.net.au or give us a telephone call direct on + (614) 0110 0177 [0401 100 177 from within Australia]. Remember if calling that our time zone is GMT + 10 hours. Fax inquiries can be sent at any time on (613) 9504 2075.
Help me get a loan
