Non-Residents - North Shore Mortgages

Non resident home loans are specifically designed for people who are not Australian Citizens or do not hold Permanent Residency status.

This type of home loan suits those people wishing to invest in Australian real estate or with a view to emigrate and do not as yet have PR status.

The parameters surrounding non resident home loans are governed by the FIRB (Foreign Investment Review Board). Some of these parameters are listed below for your reference:

Non Resident Home Loan Parameters: -

•	Maximum home loan lend ratio of 80% of purchase price
•	FIRB approval required for all non residents
•	Contract of sale must state ‘subject to FIRB approval’
•	A property needs to be identified and placed on the FIRB application form for it to be assessed
•	Some non resident home loan lenders apply a loading on the repayment which takes into account changes in currency exchange rates

As you can see there are certain guidelines which must be met for a successful outcome can be achieved, we have a great deal of experience with non resident home loans and have a variety of home loan lenders who offer non resident home loans.

We can also assist you when applying for FIRB approval and guide you through the process.

You can also contact us for an obligation free discussion regarding your individual circumstances and requirements.

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