Mortgages and Property

Australia

Includes Residential Property in Australia

Loans available for both House Purchase and Home Improvements (other purposes on request) and are primarily aimed at Ex-Patriate Australians, but other Nationalities applying are dealt with on a case by case basis

Type of Loan: Repayment & Endowment

Minimum: £ 50,000. No Maximum, but must not exceed 80% of Valuation or Purchase Price (whichever is the lower)

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Term: 5 to 30 years up to age 70

Currency: Australian Dollars only

Current Interest Rate: from approx 6.29% Fixed for the first year (approx 6.57% Variable thereafter). Longer period Fixed Rates are also available - details on request

Example: Repayment Mortgage of £ 50,000 over a period of 15 years at an initial Example: Repayment Mortgage of £ 50,000 over a period of 15 years at an initial Fixed Interest Rate of 6.29% for the 1st year and then approx 6.57% Variable thereafter = approx £ 437.50 Capital & Interest per month for the 1st year and then approx £ 445.50 Capital & Interest per month thereafter= a total approximate amount payable over term of £ 82,094 including capital, interest, arrangement and survey fees.