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  • Profile photo of Wct01Wct01
    Participant
    @gavin1111
    Join Date: 2015
    Post Count: 19

    Has anyone managed to obtain finance for property purchase in Malaysia (or South East Asia)? A family member is considering transferring the title and existing mortgage of a property located in Malaysia over to me. However, when I spoke to the bank some years back about having my name on the mortgage and title, they were reluctant because I was not living and earning an income in Malaysia. My only option is a cash purchase. If anyone knows of any lenders who will lend in this situation, that would be most appreciated. Thanks.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,058

    Borrow against Australian property for the purchase?

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    This is mainly an Australian based forum so you might not get much luck in terms of advice here!

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,064

    You could try releasing equity against an Australian owned property – however, the “purpose” of funding an overseas property might not be accepted by some lenders.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: info@passgo.com.au

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