Are you an Expat wanting to assess your lending options?
I work with many Expat clients and often when an Aussie has moved overseas to work they think one of two things:
i) As I'll now be working overseas and earning far more income than I was in Australia, my property journey will continue and I’ll be able to buy more property as a result of my increased income OR
ii) As I will be working overseas I will need to put my property journey on hold until I return to Australia
The answer is somewhere in the middle.
Expat lending has tightened up over the last few years due to an increase in cases of fraud (such as fraudulent overseas pay slips being used) and the vast majority of banks have stopped lending to people that are not Australian citizens or permanent residents. However, Expat lending is still very possible and there are a number of options available to you.
The main point to note with Expat lending is while all of the banks will say that they do accept lending to Expats, as always, the “devil is in the detail”.
As you can see, there are a large range of complexities around Expat lending - but thankfully, we know all of these answers and more!
Once we have a full understanding of your income as well as your assets and liabilities, we're able to structure a loan that matches your goals to purchase a property back in Australia or to refinance. This can be for investment, or for a future home you plan to move into at a later date.
While most Expats that we've organised finance for live in either Asia or the Middle East, you’ll be happy to know that we've also assisted Expats that have lived in at least 20 different countries around the world.
Every separate Expat loan has different challenges, but we're well equipped to handle them all - And don’t forget that if you refinance an Expat loan with us, you’ll go into the draw to win a trip to Italy in 2024.
I look forward to helping you!!