Re: Do Australian expats in Hong Kong qualify for a mortgage?
Posted: Mon Jun 11, 2018 2:01 pm
Hi Howard. Welcome to the forums.
Yes, banks allow Australian citizens and permanent residents living overseas to borrow up to 90% of the property value.
Since you’re earning an income in a foreign currency, the first thing you’ll have to work out is whether your currency will be accepted. But, Hong Kong Dollar is an acceptable currency and falls under Tier 1 currency, so it shouldn’t be an issue.
Australian expats in Hong Kong are common and Australian banks regularly deal with Hong Kong Dollars (HKD) because of that. If you earn a living in HKD, then it’s highly likely that you can get approved for a home loan.
Although the process of getting a 90% is not as simple as it used to be, you can still get one as long as you can meet standard lending criteria. However, if you're buying an unusual or specialised properties type then it will usually not be acceptable to most lenders.
Please enquire online or call us on 1300 889 743 and check if you qualify or not.
Cheers,
Yes, banks allow Australian citizens and permanent residents living overseas to borrow up to 90% of the property value.
Since you’re earning an income in a foreign currency, the first thing you’ll have to work out is whether your currency will be accepted. But, Hong Kong Dollar is an acceptable currency and falls under Tier 1 currency, so it shouldn’t be an issue.
Australian expats in Hong Kong are common and Australian banks regularly deal with Hong Kong Dollars (HKD) because of that. If you earn a living in HKD, then it’s highly likely that you can get approved for a home loan.
Although the process of getting a 90% is not as simple as it used to be, you can still get one as long as you can meet standard lending criteria. However, if you're buying an unusual or specialised properties type then it will usually not be acceptable to most lenders.
Please enquire online or call us on 1300 889 743 and check if you qualify or not.
Cheers,