Non Resident Loans
All big banks and smaller lenders have now pulled out of the non -resident lending space however due to demand Mortgage Zone is collaborating with a new funder to provide loans to non-resident buyers of Australian residential properties. These loans are originated offshore where alternative income verification is acceptable to the funder. Indicative interest rate is 5.1% p.a with setup cost of approximately 3.5% of loan amount with a low lending ratio of 60 %. Loan offer documents once executed has no expiry date so it is great for off the plan purchases. Properties offered for security cannot be further than 30 kms from Melbourne, Perth or Sydney CBD.