News Hong Kong Property & Finance

Ex pat mortgage

ORIGINAL POST
Posted by UKposter 19 yrs ago
Does anyone pls know the process (if there is one) for refinancing an existing UK mortgage over a UK property with an HKD mortgage now that I am out here?


I assume that this would be a lower interest rate than a sterling-denominated loan sourced in the UK. Not sure if this would be offset by high fees and early repayment penailtes etc etc.


Any info much appreciated.


Thks.




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COMMENTS
Burgundy 19 yrs ago



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UKposter 19 yrs ago
Thanks.


I am actually involved in hedging for a living so can see there are risks.


I am actually looking for one in yen and it seems HSBC don't do that. I guess whatever the currency you are exposed to interest rate rises in the loan currency and also depreciation of sterling against loan currency (which can obviously be caused by the first thing).

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UKposter 19 yrs ago
sorry I appreciate i said HKD but meant yen!

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kalvin 18 yrs ago
are there banks in HK willing to lend in yen for a HK property?

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kalvin 18 yrs ago
while on the topic...i'm not a HK resident looking to buy a HK property but because my income is from overseas (UK at the moment), I'm having difficulty securing a mortgage despite good credit back home and more than enough income to cover the mortgage. Anyone have experience in this?

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