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.

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Guide to Obtaining an Overseas Property Loan
in Singapore

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By Sean Lim
Founder of FindaHomeLoan.co
Trusted by clients, Quoted in media

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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

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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.

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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

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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.

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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.

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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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AN INDEPENDENT MORTGAGE COMPARISON PORTAL