Overseas Property Financing

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

LONDON

Finance your choice of property in London Zones 1 and 2, in your choice of currency.

Choose between completed properties and those under construction
Financing in either Singapore Dollar (SGD)* or Sterling Pound (GBP)

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

AUSTRALIA

Finance your choice of property in Sydney, Perth and Greater Melbourne, in your choice of currency.

Choose between completed properties and those under construction
Financing in either Singapore Dollar (SGD)* or Australian Dollar (AUD)

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.Terms and conditions apply.

Purchasing an Overseas PropertyStage 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 PurchaseAbout 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 DisbursementPrior 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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