• Minimum loan: GBP 100,000 or currency equivalent.
• Further advances – GBP 35,000 or currency equivalent.
• Loan Currency: Must be either the local currency of the property location or the currency of the client's primary income
• Interest rate: view here
• Repayments: Quarterly.
• Repayment options: Capital & Interest repayment or Interest Only (additional margin loading of .20%).
• Loan term: 30 year term or up to 70 years of age, whichever is earlier.
• Financing: Maximum 70% of purchase price or valuation price, whichever is lower. Arrangement fee: 0.5% of the loan amount and payable upon acceptance of formal offer letter and is non-refundable.
• Legal fees :For client’s account (both the borrower’s and the bank’s legal fees)
• Valuation fees, stamp duties, taxes, communication charges, building & other forms of insurance :For client's account.
• Corporate / Trust borrower handling fee :0.25% of the loan amount for clients who borrow via a company or trust structure, payable upon acceptance of formal offer letter and is non-refundable. Offshore company registration fees may also be payable.
• Currency switching :Subject to qualification criteria and availability, which varies from time to time. When currency switching is offered, two free switches per calendar year, USD150 per switch thereafter.
• Security :First legal charge or mortgage over the property.
• Leasehold properties: Minimum 50 years left to run after repayment date.
• Letting/Rental :No additional charges or increase in interest rates but tenancies or lets beyond certain terms will require our formal, written authorization and lower loan to value ratios may apply.
• Repayment :Quarterly in arrears.
• Pre-drawdown amendments A handling fee of USD150 will be charged should borrowers wish to make any amendments to the loan offer letter after the letter has been issued and accepted.

1) The Bank can only finance selected locations in the following states: New South Wales, Queensland, South Australia, Western Australia, Victoria

2) The Bank only finances Non-Australian residents for the purchase of an Australian property. This means that in order to qualify you must not currently be residing in Australia.

3) After the loan is drawn and client intends to take up residence in Australia, the bank may continue with the Facility subject to   a) the property is not to be occupied by client or any of his family members during the term of the facility; or  b) if the property is to occupied by him or his family members   i. the bank will not permit any changes to the terms and conditions of the facility and   ii. no additional loan will be allowed

4) The bank does not finance Australian residents for the purchase of any property in any part of the world.

5) The bank does not finance the purchase of Australian property, by an Australian company, wherever the beneficial owners of the company are resident.

6) FIRB approval is required for non Australian passport holders.  It’s client’s responsibility to provide the FIRB information to the solicitor directly.

7) Bank consent is required for entering into letting or tenancy agreement for tenancy exceeding 1 year