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Overseas Property Loan
Invest in London and Australia properties with the local advantage.
Overseas Property Loan
At a Glance
Transparent and competitive interest rates
Our attractive interest rates are pegged to market benchmark rates such as BBSW AUD, SGD or GBP variable rate (based on Bank’s Cost of Funds).
Flexibility
Choice of currency with option of currency conversion in the event of unfavourable currency movement.
Financing for properties in London
 | LONDONFinance your choice of property in London Zones 1 and 2, in your choice of currency.
|
| SGD | GBP | |
|---|---|---|
Minimum Loan Amount | S$300,000 or its equivalent | |
Minimum Loan Period | 5 years | |
Processing Fee | S$500 | £500 |
Financing for properties in Australia
 | AUSTRALIAFinance your choice of property in Sydney, Perth and Greater Melbourne, in your choice of currency.
|
| SGD | AUD | |
|---|---|---|
Minimum Loan Amount | S$300,000 or its equivalent | |
Minimum Loan Period | 5 years | |
Processing Fee | S$500 | A$500 |
*A 10% Loan to Value haircut limit applies for financing in SGD.
Processing fee is subject to change at the Bank's discretion.
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.
- Financing quantum will be based on purchase price or indicative valuation, whichever is lower.
Stage 3: Loan Acceptance
- You will need to open a Wealth Management Account (WMA) to service your loan repayments.
- 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 by you.
Stage 4: Completion of Purchase
About 1 month prior to the completion of your purchase:
- 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 lawyer'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).
- Ensure that all differences between the purchase price and loan amount to be disbursed are available in your WMA 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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