Australian Expat Home Loans

AUSTRALIAN EXPAT HOME LOANS

ARE YOU LIVING ABROAD AND WANT TO INVEST IN OUR HOMELAND?

Just because you live overseas doesn’t mean you can’t access the Australia property market.

Our access to a wide range of lenders means we can provide Australian citizens and permanent residents with a number of $AUD mortgage solutions for purchasing, investing and refinancing Australian real estate.

Location is proving to be no barrier for Beyond Broking, with our clients and enquiries stemming from all over the world. From London to New York, Singapore and Hong Kong, we yield calls for expert assistance, helping Australian’s working overseas buy houses in Australia as expats.

Being that you are overseas you will need to be prepared for some additional groundwork

when going through the process especially when it comes to documentation, but you can take comfort in knowing that we will be there every step of the way ensure the best possible outcome and an efficient process.

Are you living overseas in a country that offers a financial benefit of having little or zero income tax? Make sure you let us know as it may increase your borrowing power.

ELIGIBILITY

  • Australia citizens and permanent residents only
  • Currency restrictions do apply
  • PAYG and self-employed options available
HOW CAN WE HELP?

Walk you through the process

We want you to be informed and setting the right expectations upfront can make all the difference in your buying experience.

Obtain Pre-approval

Have comfort in knowing what you can borrow before you buy and help speed up the settlement process.

Portfolio reviews and restructuring

Strategically organising your portfolio will put you in the best buying position for your situation.

Periodic Reviews

It is important that our clients remained well priced in the market all the times, so we make it our responsibility to do periodic reviews.

Our Process
1

INITIAL CONVERSATIONS

We are flexible with time zones and will arrange a convenient time to have an introductory phone call so we can fully understand your goals and financial situation in order to provide you with accurate advice.

2

DOCUMENT COLLECTION

We need to verify what you have disclosed in our initial conversations against documented evidence. Australian lenders have strict guidelines on documentation that we will walk you through.
To aid in our verification of identity process we will arrange a Skype/Facetime interview.

Please note that some lenders require certified identification from an Australian Consulate office.

3

RECOMMENDATIONS & OPTIONS

Based on your requirements and supporting documentation we will provide you with a number of suitable options and will provide context and options on what’s available.

4

APPLICATION & APPROVALS

We take care of the entire application process including the creation, submission and monitoring of approvals and settlement to ensure the process is simple and efficient.

5

SETTLEMENT

We support you in settlement by assisting with document signing, liaising with conveyancer’s/solicitors to support settlement and checking everything is in order after settlement so you have nothing to worry about.

FAQ
SOME OF THE MOST COMMON QUESTIONS OUR CLIENTS ASK:

This can vary depending on your situation, but we need to validate your income and debts to determine your loan eligibility. You should expect to provide at least the following:

    • Payslips and transaction account statements to verify income
    • Bank statements for debts, savings and transaction
    • Verification of Visa or work permit
    • Identification – Drivers licence and passport (in come cases certified by Australian Consulate office)
    • Evidence of available funds for purchase

There is no quick and easy answer for this as it’s determined by your current income and debt position. Once you have provided us with sufficient supporting documentation, we can provide a reliable estimate and context over your borrowing capacity.

While some lenders charge a higher interest rate for expat lending we are fortunate to have access to very competitive rates that closely align with domestic lending rates.

No, this is not a requirement unless you are a non-resident.

Your income is converted to Australian dollars and then shaded by at least 10% depending on the currency you earn.

You are eligible for the first homeowners grant and rate of duty, however you must comply with the qualification criteria set out by each state revenue office. Investment purchases will not qualify for first home buyer benefits.

In most cases you will need at least 20% for the Australian mortgage lender loan plus purchase costs (stamp duty, conveyancing, etc). In some instances, a lower deposit may be available and we will test you for this and provide estimates.

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