Search found 3 matches

by
Mon Jun 03, 2019 8:30 pm
Forum: Home Loan Forum
Topic: Expat looking to purchase an investment property | Give me the low down
Replies: 5
Views: 10815

Re: Expat looking to purchase an investment property | Give me the low down

Who can I use as a witness for the mortgage documents?
by
Mon Jun 03, 2019 6:17 pm
Forum: Home Loan Forum
Topic: Expat looking to purchase an investment property | Give me the low down
Replies: 5
Views: 10815

Re: Expat looking to purchase an investment property | Give me the low down

Okay. Can you tell me how much of my foreign PAYG income as well as the dividend income from shares (Hong Kong Stock Exchange) will be considered? What’s the maximum I can borrow?
by
Mon Jun 03, 2019 5:28 pm
Forum: Home Loan Forum
Topic: Expat looking to purchase an investment property | Give me the low down
Replies: 5
Views: 10815

Expat looking to purchase an investment property | Give me the low down

Hi, I’m an Aussie working in Hong Kong for the last six years as an in-house programmer and trainer. I earn roughly $600,000 HKD which is roughly $100,000 AUD. I’m looking at purchasing a unit on the south coast, the contract price is $730,000. I can contribute 10%-15% deposit, and cover stamp duty, and other associated costs. First off, do banks lend 90% of the property value to expats?
As this will be my first big investment, give me a low down of what I should look out for?