Maybank Offers Financing Property Abroad

For those who intend to buy property in London is a special loan for this purpose is available at Malayan Banking Berhad (Maybank)

The largest local bank also became the first local bank to offer real estate financing facilities under 'External Mortgage Loan Scheme Negara'itu is in dollars for the purpose of financing homes completed or under construction as well as for buying commercial property

He said that financing for the purchase of qualified property london zone area
1 to zone 3, which includes the city of London, Westminster, Knightsbridge, Kensington and Chelsea.

Among the key features of the financing scheme are: -

• Financing is the loan repayment in dollars
• High margin of financing up to 85 percent
• More flexible refinancing
• Repayment period up to 30 years or until reaching the age of 70.

Vice president and head of the financial services community, Maybank, Lim Hing Tat, said Mortgage Scheme could provide savings to consumers because they can borrow in dollars to buy property in London to use the loans obtained in malaysia

Loans in dollars to protect borrowers from the risk of currency fluctuations on monthly payments and savings as the british pound is expected to increase this year from its level against the dollar lower at the moment.

Currently, people who buy property in Malaysia had to get out of London-based bank in the United Kingdom and pay a monthly advance in the pound, therefore, lead to their exposure to foreign exchange volatility.

Real estate financing from a bank in the country for the people of Malaysia is currently only available for the purchase of property for rent must be purchased for investment purposes Disconnect for occupation.

Hong tat said that maybank housing loan facilities offered in the form of term loans, overdrafts, or a combination of both.

We expect the RM 60 million disbursed under the scheme within the next six months.

The projection is reported, based on the expected increase in interest in foreign buyers to find properties in London which will culminate before this April before the new sales tax of 5 percent was introduced for the purchase of units one million pounds worth of property on

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