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.
Borrow against Australian property for the purchase?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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 MeInvestment Focused Finance Strategist - servicing Australia-wide
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 MeMortgage Broker assisting clients Australia wide Email: [email protected]
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