Know the facts so you can bid with confidence
Complete a Pre-approval to assess your borrowing capacity, and help you bid/buy with confidence
Purchasing property is always an exciting but hectic time, and when buying from overseas these stresses can become exacerbated. It’s important to plan and prepare before you decide to purchase to ensure that the process goes as smoothly as possible.
Having a pre-approval in place before purchasing will make the
process much smoother as you’ll already know:
Some lenders will require that your ID be certified at the Australian High Commission. It can sometimes take 3-6 weeks to book an appointment at the High Commission so planning ahead can be key. By having this completed during the pre-approval stage, you can have more flexibility in negotiating your settlement terms if the purchaser requires a shorter settlement period.
Help you with borrower recommendations and structuring advice
Be guided by experts that can help you finance Australian property while overseas
The basic steps when purchasing a property from overseas remain the same as back home.
You will still need to:
Where this will differ is the process for applying for a loan while overseas is more rigorous and will involve more steps and documentation.
Typically the documents you’ll need to provide are:
Upon recommendation of a lender we will submit the application on your behalf. We will collect these via a secure upload link to make the process as easy as possible for you.
Once we have gained formal approval (typically around 7 days depending on how soon the valuation is complete) contracts will be prepared. These can generally be witnessed by us if your ID has already been completed with the lender during a pre-approval. If not we can help co-ordinate an appointment at the High Commission, or find another appropriate witness for your ID and documents.
Keep abreast of the market and get the inside knowledge from us
The market for home lending is constantly changing.
Are you still getting the best deal?
It is a fact that some banks and lenders are more expat friendly than others, to the point where some lenders are penalising clients for living overseas by increasing their existing loan interest rates when they become aware of your change of residency. They may also refuse to pass on additional discounts or assist with restructuring of your loans while you are overseas.
It is important to know your options and to shop around to know you are getting the best deal you can.
We are more than happy to have a chat and review your existing arrangements, even it is to simply give you peace of mind with the loans you currently have in place.
Preferential rates on foreign exchange
Foreign Exchange Services
Sending money home? We’ve partnered with WISE to offer secure, fast, and affordable international transfers.
Benefit from:
Book a call when it suits you
If you want clear advice and steady guidance, a conversation can help.
No pressure. No obligation. Just an honest discussion about your options.
Book a call at a time that works for your location and schedule.
