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Old 28.01.2011, 00:24
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Re: Overseas Home loan using Swiss banks

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I think you miss the point. You can't get a home loan in France or Switzerland or Zimbabwe for a property in Australia. You need a bank in Australia to give you a home loan. Maybe you can get a personal loan, but the rates are not the same as home loans and I don't know how much the house costs but you probably won't get more than 20-30K personal loan with no collateral, again, the rates for personal loans are quite high.
That is incorrect there are possibilities to get a mortgage in one country for a property in another it all depends on the person involved.
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  #22  
Old 28.01.2011, 00:37
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Re: Overseas Home loan using Swiss banks

But just don't tell the Swiss bank manager of your roots,

In 1849, the crew of the American ship Cutter was killed and eaten by the Pouma clan.

Quoted from http://en.wikipedia.org/wiki/Nouvelle-Calédonie
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  #23  
Old 28.01.2011, 01:32
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Re: Overseas Home loan using Swiss banks

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That is incorrect there are possibilities to get a mortgage in one country for a property in another it all depends on the person involved.
Really? Can you give more details? What do you mean "it depends on the person involved". It's true I don't know all the permutations of possibilities. So I'd be interested to know.

Last edited by miniMia; 28.01.2011 at 01:43.
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Old 28.01.2011, 11:25
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Re: Overseas Home loan using Swiss banks

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why don't you just tell us what is says since you read it?
Translate the whole web page?
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Old 28.01.2011, 15:25
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Re: Overseas Home loan using Swiss banks

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Translate the whole web page?
Summarizing would be nice.

Did you read anything to say they would be willing to give you a mortgage in another country or that you could get a mortgage with them residing and earning abroad?
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Old 03.02.2011, 14:49
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Re: Overseas Home loan using Swiss banks

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Not quite sure what your saying but, I guess you could say Im lucky, EU and Aussie passport, worked around the world. Of course if I was in front of a french bank manager I wouldnt be saying I hold an Aussie passport..
I have property in Autralia near the beach, and i would love to refinance it with a low interest swiss loan..

i.e 1.5% in CH , 6.5% in Australia ..but ..
  • Its very difficult as swiss banks do not have any knowledge of the overseas property market, and will not take the risk
  • A few Geneva banks may finance properties in france close to the border.
There is only one alternative, to work with a Global bank like HSBC or similar and i have looked at this :

http://www.hsbc.com/1/2/personal-banking/mortgages


But i found the interests rates tie in very closely with the interest rate in the country that you are buying th house ...so no joy..

Bummer really..
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