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| London Property Loans - Disadvantage vs Advantage of Singapore’s London Property Loans
- No fixed rate options - Borrower may be subjected to foreign exchange risk as base currency of lending is in SGD. A strong depreciation of GBP/SGD (eg. 2.07 to 1.98) may result in a margin call event. Likewise, a rise in GBP/SGD (eg. 2.07 to 2.17) may allow a borrower to accumulate unrealised profit from the increase in FX rate. - Financing locations are restricted to London zone 1 - 4. - Quantum of financing may be lower than 75%, subject to property location and borrower’s profile. - Higher minimum loan amount required of at least $300,000 SGD equivalent. For more details and information on the comparison for a London Property Loan between a Singapore and an UK Lender, visit: http://www.mortgagesupermart.com.sg/resources/articles/198-why-singapore-s-buy-to-let-london-mortgages-can-shrink-your-home-loan-bills |