AUD Financing

Posted by novaflux (103 days ago)

Hiya all
Was wondering if you seasoned property players can give me some advice on refinancing. DO you know which banks give better offshore financing and can do multi-ccy ?

Any suggestions appreciated...

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Posted by las (102 days ago)

We have had excellent service from Lloyds TSB in Hong Kong. Website www.lloydstsb.com.hk. Mortgaged a property in New Zealand to purchase a holiday home in Thailand and repaying in Hong Kong dollars.

Posted by qpzmgh (102 days ago)

Yes Lloyds TSB probably best for this i think RBS also.

BUT mutli currency mortgage should only be your adopted approach on re-financing if you are happy to take on the risk of currency speculation.

Posted by novaflux (101 days ago)

ahh thanks a lot for your head's up
will look at both. Yes I intend to finance in either HKD or SGD as the interest is lower and i am not that highly geared so FX fluctutations should be ok for me. cheers!

Posted by beachball (100 days ago)

"as the interest is lower" - this is unlikely to be the case due to expected currency appreciation/depreciation.

Posted by walkup2 (100 days ago)

It is generally better to hold the mortgage in the currency you are getting paid in. If you are intending to rent out then HKD loan OK if the rent covers it, otherwise a split HKD/AUD loan might be more appropriate. The $US has appreciated near 10% in the last few weeks, so there are serious risks to consider.