Mortgages and Property

Australia

Australian Mortgages for purchasing a property in Australia - rates from approx 7.12% in Aus$ or 6.61% in £

Includes Residential Property in Australia

If you are considering purchasing a property in Australia, Australian Mortgages are available for both House Purchase and Home Improvements (other purposes on request)

Type of Australian Mortgage: Repayment or Interest only

Minimum: £ 50,000. No Maximum, but must not exceed 75% if in Sterling or 80% if in Australian Dollars of the Valuation or Purchase Price (whichever is the lower)

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Term: 5 to 30 years up to age 70

Currency: Australian Dollars & Sterling - other currencies on a case by case basis

Current Interest Rate: from approx 6.61% Variable in Sterling or approx 7.12% Variable in Australian Dollars. Fixed Rates are also possibly available (ie: Fixed for 1 year at 6.69% in Australian Dollars).

Example Australian Mortgage in Australian Dollars: Repayment Mortgage of approx AUS$150,000 over a period of 25 years at a Variable Interest Rate of approx 7.12% = approx AUS$1,085.25 Capital & Interest per month = a total approximate amount payable over term of AUS$330,535.00 including capital, interest, arrangement and survey fees.

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