Getting Housing Loan in Australia
In the last 18 months, most major lenders have pulled out of lending to non-resident borrowers and the few lenders who do lend have stricter restrictions and requirements. Interest rates for foreign investors range from 6% to 8.5% and setup fees, which include valuations, lender legal fees and application fees can be high.
What is the lending process?
Information and document collection
Loan and Lender proposal
Loan submission to Lender
Loan Approval and Document signing
Settlement of Loan and Collection of Keys
To work out what lender and loan will best fit your needs, please contact our in-house finance team in order for us to understand better your circumstances and objectives in buying a property in Australia.