great home loan options for Aussie expatriates
If you are an Australian citizen who lives and works overseas and you are looking to purchase or refinance property in Australia, we are the mortgage broker who specialises in virtual home loan applications. (Non-Australians please click here) We help Aussies living offshore compare loans and find the best home loan deal and then assist you through the home loan application process. We have arranged home loans for Australian expats living all over the world click here to find out more about us .
While lender's mortgage policy has tightened, and despite what you are often told, we can still arrange good competitive home loans for investment or home buyers for Australians expats at up to 90% LVR (loan to valuation ratio) with LMI (lenders mortgage insurance) available , including full featured home loans eg: 100% offset accounts and loans for investors with no interest rate loading. Home loan interest rates are around 5.50% variable for AUD and we even have home foreign currency loans in USD at 1.456% or GBP at 1.75% for investors (rates current at 21/8/2009) available up to 75% LVR. So if you are an Australian expat and your miles from home, in today's world of Skype, email and fax we are 'virtually' next door. Whether you are a first home buyer or you want to refinance your investment property portfolio, if you are an Aussie expat we can assist you through the entire home loan application or property refinance process.
If you are considering returning to Australia and as a result will be looking to purchase an owner occupied property. The Federal Government's First Home Buyers Grant is still very generous with $10,000 cash on all first home purchases and $13,500 if the property is new and never been occupied. These grants are being topped up by some State Governments, meaning additional deposit that you can use. The bonus grants are available until 31st December 2009 and can be claimed by first home buyer expats who plan to return to Australia, even before they return. Many State Governments are also providing stamp duty reductions or waivers to first home buyers - these offers are not time limited and can mean very substantial savings. If you returning to Australia then you should speak to our domestic arm, that's right we also operate as a professional mortgage broker for Australian residents.
Australia has also become an attractive investment opportunity with a relatively stable currency and strong home rental demand continuing to push up the rental returns. Property values are holding up or actually increasing in many locations and this means there are some real opportunities for Aussie expats to take advantage of good home investment property opportunities.
If you are planning on returning to Australia there are some vital lender's policy guidelines that you really need to take into consideration so please ask us to cover that. Did you know for example that if your spouse isn't an Aussie citizen your borrowing capacity may be slashed with many lenders. Did you know that there are two kinds of spousal visa and one isn't considered a permanent visa or that a permanent visa may only be valid in policy terms when the visa holder actually resides in Australia. There are countless variations on policy including restrictions on high-rise, post codes, employment history, credit inquiries, zoning, CBD, title etc etc. That's why you need a good mortgage broker because we do nothing but home loans day in and day out and we can guide you through this complex process.
We arrange Australian mortgage finance including foreign currency loans , for Aussie expats living in the UK, Ireland, USA, Europe, Middle East, China, Canada, Korea, New Zealand, Japan and South East Asia. We can assist you with home loans for investment or owner occupied including First Home Owner Grant (FHOG) applicants and despite the fact that you are living and working overseas we can get more than the normal 80% LVR loans at the same interest rates as you would get if you were living in Australia. We can arrange home loans in USD, JPY, CHF, GBP, SGB, EUR, NZD and HKD... (your income must be in the same currency that you are borrowing in) - asset and income restrictions apply. These loans offer options to switch back to AUD at any time and do not require refinancing on your return to Australia.
Why not complete the quick inquiry below If you would prefer to fill in an application click here, or you can phone Australia 61 2 6626 6810 or London +44 20 3287 8105 (Australian time zone) or email:
