The Chinese Yuan (CNY) or Renminbi (RMB) is accepted by most Australian lenders and you could prove your earnings as if you were an Australian resident.
Get competitive rates of interest and put money into 二胎 through mortgages for Australian expats in China.
Australian banks and lenders typically limit foreigners to borrowing up to 80% from the property value. However, this isn’t the truth for mortgages for Australian expats in China. Since you’re still an Australian citizen, it is possible to borrow as much as:
80% in the property value: You can’t borrow a lot more than this if you’re struggling to present banking institutions with financial documents that will prove your foreign income.
90% of your property value: Through providing full documents of the income, assets and debts that report you’re within a strong financial position, you just might borrow approximately this amount.
In the matter of mortgages for Australian expats in China, some lenders may still assess you as a foreigner so it’s essential you are applying with the right lender.
Speak using one of our expat mortgage loan specialists on 1300 889 743 ( 61 2 9194 1700 if you’re overseas) or complete our online for free assessment form.
We just might qualify you for a home loan for Australian expats in China today!
Yes! Chinese People Yuan (CNY) or Renminbi (RMB) is on the approved listing of acceptable currencies for mortgages for Australians residing in China.
CNY or RMB is among the strongest performing currencies worldwide thanks to China’s population, manufacturing industry, along with its growing middle class.
Luckily, you could still qualify for a mortgage around australia even though you’re earning within a currency other than Yuan/Renminbi and yes it falls outside of the list in the Australian Expat Mortgages page.
Be aware that lenders usually have some restrictions and conditions set up including limiting your borrowing opportunity to 80% Loan to Value Ratio (LVR).
What do I need to prove my income in China?
Mortgages for Australian expats in China can be taken off utilizing the same documents as borrowers within australia obtaining a home loan to prove their income.
If you’re borrowing greater than 80% LVR, it is possible to prove your revenue through:
Your two most recent payslips (must not be handwritten).
Your last two years’ financial tax statements.
You can even prove your income via a letter from your employer given that you’re borrowing below 80% LVR.
My financial documents happen to be in Mandarin / Cantonese!
If your financial documents will be in Mandarin, Cantonese or some other foreign language, you may need an interpreter’s certificate as some lenders won’t accept documents that aren’t dexqpky02 in English.
An interpreter’s certificate is an official and certified document that translates the first financial document to English.
The easiest method to purchase an interpreter’s certificate could be through the Australian Consulate in China.
However, you can even send us with your documents directly since a few of 房屋二胎 are fluent in Mandarin and Cantonese.