NZ or aus mortgages
 

Hi

Anyone recommend a bank or banker for Hk based mortgages for NZ property.

I have checked with the following but wondering if there are others and what their rates and service is like.

Anz... No longer provide this service
Westpac... Rates have gone up now cost of funds +2.25%
Nab seems best cost of funds +1.5%

Any others?
Constructive comments only

I just got cof + 1.35% with nab asia for an oz property. Switchable between oz-hkg-us twice per year without charge.

flyingkiwi

ANZ still lend for property in Australia but unless you make millions of US$ and have millions of US$ in assets you can forget it.

ANZ Dual Currency Loan

It must have been carnage out there for a while with multi-currency loans and margin calls. Lending criteria much more restrictive.

I use CBA Private Banking. COF + 1% no cost or limits in switching and importantly, if I ever get it wrong and approach min L/V, they won't switch without consulting me. This gives me the opportunity to top up another mortgage, without being forced to realize a FOREX loss.

I bet, doing mutlicurrency mortgages can create more stress than requesting leave...

Thanks for replies, Gnadenburg i have sent you a pm, can you send me contact details of CBA banker.

Anyone use TSB Loyds or any others.

cheers

Talked to CBA, they are cof +1.5%
min mortgage 1mil aus
min salary $250K AUS

lending ratio 65% multicurrency or 75% single cunrrency.

Kiwi

Sorry for the late reply....

My deal must be grandfathered pre-GFC. It is a private banking arrangement with multiple mortgages.

Things were pretty bad out there with multi-currency loans and pilots during the GFC. Although, according to private comments, it was people in finance who were burnt the most!

Kiwi, at least if you take out an AUD loan you won't have to stress about currency swaps, margin calls etc, it'll be a cold day in hell ( or a clear day in HK ) before the AUD drops below parity.

The only way it will drop below parity is if I do put it into hkd....

Ha ha, or if I do :}

Ozzy property is nothing but a huge asset bubble, watch this!

330, didnt watch that clip but I waited for over a year, listening to the " experts " who had all sorts of sound theories about why the Aussie dollar would drop below parity and settle around 90c, that was supposed to happen 6 months ago.
Now the " experts " reckon the AUD could stay where it is for years.
You know what they say about experts ..........

I recommend you watch it, all bubbles burst in the end or else we would all be billionaires.