Home Loans

Invest in London and Australian properties with the local advantage

If you’ve had your eye on property overseas, the opportunity is here. With DBS Overseas Property Financing, you can now finance residential properties in London and Australia without subjecting yourself to foreign interest rates.

 

LONDON

Your preferred property, your preferred currency
Finance your choice of property in London Zones 1 and 2, in your choice of currency.
  • Choose between completed properties and those under construction
  • Finance in either Singapore Dollar (SGD) or Sterling Pound (GBP)

AUSTRALIA

Your preferred property, your preferred currency
Finance your choice of property in Melbourne, Sydney and Perth, in your choice of currency.
  • Choose between completed properties and those under construction
  • Finance in either Singapore Dollar (SGD) or Australian Dollar (AUD)

 SGDGBP/AUD

Maximum Quantum

Up to 75%Up to 75%

Minimum Loan Amount*

SGD$300,000 or its equivalent

Maximum Tenure

30 years, up to a maximum age of 75 years

Processing Fee

S$500£$500/A$500

*A 10% haircut limit applies for loans in SGD Package, financing quantum, loan tenure, processing fee and terms are subject to change from time to time at the Bank’s discretion

Invest with greater peace of mind

  • Transparent and competitive rates
  • Choice of currency with option of currency conversion in the event of unfavourable currency movement

A note before you invest

Overseas properties are subject to inherent foreign exchange risks. For instance, if your loan is in Singapore Dollar (SGD), and it weakens against the Sterling Pound (GBP) or Australian Dollar (AUD), you may have to top up the difference in cash. You may also wish to speak to a tax advisor for advice on stamp duty, income tax, capital gain tax, inheritance tax, land tax and any other applicable taxes.

For more information on our overseas property financing, speak with your Relationship Manager today. Alternatively, you can contact our Home Advice Specialists at 6333 0033.

Terms and conditions apply.

Purchasing an Overseas Property

Stage 1: Committing to a Purchase

  • A non-refundable reservation fee is payable at the point of booking.
  • A deposit, usually 10% less reservation fee, is payable during Exchange of the Contract which happens within 2 weeks from reservation.
  • Appoint a lawyer to act for you on the purchase, conduct all relevant searches and advise you on any concerns.

Stage 2: Seeking Financing for your Property

  • Discuss with our Home Advice Specialist or your Relationship Manager for your financing solution.
  • Uncompleted properties
    Financing quantum will be based on purchase price or indicative valuation, whichever is lower.
  • Completed properties
    Financing quantum will be based on valuation.

Stage 3: Loan Acceptance

  • A Multi-Currency Settlement Account (MCSA) will be opened to service your loan instalments.
  • A lawyer from our panel will be appointed to act in the mortgage.
  • There will be a processing fee, legal fees and valuation fees payable on your part.

Stage 4: Sales Completion

About 1 month prior to property completion,

  • Your lawyer will perform searches on property, title, etc. and will advise you on any concerns
  • You should arrange to purchase your own building/fire insurance. You will need to produce the bank’s letter of instruction for the insurer, and include your solicitor’s address
  • You should prepare the funds for all applicable fees and taxes
    London properties
    Stamp Duty Land Tax (SDLT), Land Registry Fee, Capital Gain Tax, Inheritance Tax (INT) and Council Tax
    Australian properties
    Stamp Duty, Goods & Services Tax (GST) and Capital Gain Tax (CGT)

Stage 5: Loan Disbursement

Prior to disbursement, you are required to

  • Contract a foreign exchange rate with our Relationship Manager or Assistant Relationship Manager to convert the loan to Sterling Pound (GBP) or Australian Dollars (AUD) if the loan is denominated in Singapore Dollars (SGD)
  • You should arrange to purchase your own building/fire insurance. You will need to produce the bank’s letter of instruction for the insurer, and include your solicitor’s address
  • Ensure that all differences between the purchase price and loan amount to be disbursed are available in your MCSA for deduction on the actual completion date

Please note that charges, fees and deposit amounts differ and change from time to time. Always check with your lawyer for the exact details.

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