Hi Mr Baxter,
That is not very feasible from the bank's point of view.
An option might be to do it by mortgaging your property with an Australian bank and getting cash just for the initial downpayment of 20% of the property you will be purchasing in SIngapore. Take up a mortgage with a Singapore bank for the remaining 80% of the purchase price as the interest rates charged are lower here.
I can provide you with general information on how much you qualify to loan and provide you with other solutions to secure a hassle free purchase of a quality home in Singapore as an agent from HSR, one of the biggest property consulting firm in Singapore.
Please feel free to send me your queries to my email:
surreal.homes@gmail.com
and I will be glad to answer them. This way, the responses can be more prompt. Thank you.
Regards,
Kelvin Tan
HSR
+65 9749 7369
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