Home Loan Articles

03/12/2010: Foreign Currency Loans for Australian Citizens Living Abroad (Australian Expats)

Posted by: Craig Vaughan on 12/3/2010

 The introduction of new legislation by the Australian Federal Government saw the Australian based banks and lenders withdraw their foreign currency home loan products from sale end of June 2010. 

MAP can still assist and has formed a relationship with an overseas lender to assist Australian Expats living and working abroad to borrow in the currency that they earn their income in. Maximum LVR is 70% and the currency you can borrow in is either AUD, the currency you earn in or a currency that is pegged to your currency. Eg, an Australian earning in AED can borrow in USD or AUD. 

More information on Foreign Currency Home Loans here

Create a trackback from your own site.

0 Comments

Leave A Comment



Please enter the CAPTCHA phrase above.



  

Put your mouse over a pin to see when we're next visiting you, then Click on the pin to register your interest.

London, United Kingdom
London, United Kingdom
04 April, 2011 - 06 April, 2011
Location TBA
Abu Dhabi, United Arab Emirates
Abu Dhabi, United Arab Emirates
29 March, 2011 - 29 March, 2011
TBA
Dubai, United Arab Emirates
Dubai, United Arab Emirates
30 March, 2011 - 01 April, 2011
Conference room 1, Business Centre, Novotel Deira City Centre, 8th Street Port Saeed District, Deira City Centre, Dubai

90% of our clients we do not see face to face as we can do everything by phone, skype, email and fax. However, to cater for those clients that would like to meet in person our brokers travel often and extensively all over the Map. Above are our planned trips at present and we will do other areas and dates by appointment.