Which instituition will lend to non-residents?
- Thread starter Pelican3
- Start date
Non resident for immigration purposes and non resident for tax purposes are 2 different things though.
Just in case someone gets confused here.
Richards response about 80 % LVR for non perm residents/ citizens is correct. No lmi generally for non perm resident/ citizens.
As mentioned, some will do Expat ( non resident for tax purposes) to 90/92 %. In additon to the 2 mentioned Worstpac can sometimes be swayed.
ta
rolf
Just in case someone gets confused here.
Richards response about 80 % LVR for non perm residents/ citizens is correct. No lmi generally for non perm resident/ citizens.
As mentioned, some will do Expat ( non resident for tax purposes) to 90/92 %. In additon to the 2 mentioned Worstpac can sometimes be swayed.
ta
rolf
hi
where are u
you will find taht a few overseas banks will do loans there holding aust property
so it does depends where you are.
you can also use a company/trust structure and then the structure buys the property
there are alot of ways to purchase
just would ned a bit more info
of what you are looking at buying
how you want to buy
and to what amount you are looking at
these will decide how and what you do to do that purchase
I have a few people from the US and china buying into the market and they all have no residency and they are not Aust nationals.
so it does depend on the entity
where are u
you will find taht a few overseas banks will do loans there holding aust property
so it does depends where you are.
you can also use a company/trust structure and then the structure buys the property
there are alot of ways to purchase
just would ned a bit more info
of what you are looking at buying
how you want to buy
and to what amount you are looking at
these will decide how and what you do to do that purchase
I have a few people from the US and china buying into the market and they all have no residency and they are not Aust nationals.
so it does depend on the entity
Thanks for all responses.
- its for a new property to 250K
- nonresidents but tax paying
- in both partners names
Its confusing cos Aus tax laws are so complex
Know of foreign banks that will lend - guess just have to take the plunge cos once a step is taken, the journey has to be walked through
- its for a new property to 250K
- nonresidents but tax paying
- in both partners names
Its confusing cos Aus tax laws are so complex
Know of foreign banks that will lend - guess just have to take the plunge cos once a step is taken, the journey has to be walked through
