+

Guide to Obtaining an Overseas Property Loan in Singapore

+By Sean Lim

Founder of FindaHomeLoan.coTrusted by clients, Quoted in media

+About Us

FindaHomeLoan.co is Top referrer of Standard Chartered (Singapore) Limited in 2013

Your mortgage partner for property loans in Singapore,

Australia, UK, Japan and many countries

A home loan comparison portal in Singapore

Full transparency of mortgage rates

Comprehensive information

Unbiased comparison

Free consultation

+Overseas Property Loans

While buying a foreign property in UK (especially

London) and Australia (a perennial favourite) might

be a hot trend in Singapore, we cannot but

emphasize, stress and remind our customers that

financing cannot be taken for granted.

Procedures are NOT similar in Singapore and

overseas countries.

+Top Concerns for Overseas Property Loans

1. Location

2. Size

3. Types of properties

4. Tenure

5. Interest rates

6. Total Debt-Servicing Ratio

7. Credit score/ rating

8. Multi-currency risks (FX margin calls)

9. Valuation

+Margin Calls

It's an important decision on whether you are taking up Singapore dollar-denominated property loan or the local currency of overseas country.

When the foreign currency depreciates against Singapore dollar, it means the property value drops accordingly. And it may result in margin call as your initial loan amount was pegged to a higher currency exchange rate.

We advise our customer to look beyond interest rates and think about the risks.

+Typical Questions

• Are all borrowers Singaporeans, Permanent Residents or foreigners?

• Where is it located?

• What’s the size?

• Are you prepared if the valuation does not match the purchase price?

• Long term or short term view?

These are just some questions that lenders will want to know. There is no hard and fast rule to these criteria since they differ from bank to bank and they change over time.

+Take the Right Action

You can easily find out your eligibility once you apply for approval in-principle for foreign property. And that's a easy process.

Simply shortlist the appropriate overseas property loan and contact our mortgage consultants for a discussion. We have mortgages for London, Malaysia, Australia and Tokyo from Singapore lenders and overseas partners.

Together, our mortgage consultants will discuss on your requirements and make the right recommendations.

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