Foreign income

Discussion in 'Loans & Mortgage Brokers' started by Ruj, 9th Jul, 2020.

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  1. Ruj

    Ruj Member

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    Are there any lenders that will lend to permanent residents to buy a house to live in at 80% LVR but earning foreign income (Qatar Riyal)
     
    Ruj, 9th Jul, 2020
    #1
  2. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    ANZ will accept it. Max LVR is 80%, must be P&I repayments, must be living in the country you are earning the income, must be PAYG and you need to complete the ID process. They will take 80% of the converted income for servicing purposes.

    Qudos will it as well and they will take 100% of the converted income so their servicing is stronger than all of the other lenders that do expat lending.
     
    Shahin_Afarin, 9th Jul, 2020
    #2
    Dean Collins likes this.
  3. Ruj

    Ruj Member

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    Thanks Shahin, ANZ had said they only lend to expats that are citizens not permanent residents
     
    Ruj, 9th Jul, 2020
    #3
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