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Old 9th March 2008 | 03:53
  #6 (permalink)  
HandyAndy
 
Joined: Jun 2001
Posts: 136
Likes: 0
From: Cebu, Philippines
wonble, good day,

Most major banks here will offer mortgages but foreigners cannot own property/land in the Philippines. There is an allowance of owing 30% but it is quite complicated and I don't know if I would wish to go down that route. If you are married to a Filipino, then it is a different matter. We own a house here in Cebu which we have just finished building.

We are in the opposite situation to you as we are contemplating a move to Australia so would probably rent out our place here and rent first and ultimately buy in Sydney.

We bank with both Bank of the Philippine Islands (http://www.bpi.com.ph) and Metrobank (http://www,metrobank.com.ph) both of which are good and offer ebanking etc.

Best!
HA
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