How to Finance a Property in London With a Singapore Bank
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London continues to be a safe haven for smart property investors, due to its stable residential development and a naturally competitive market. Singaporeans have been one of the biggest buyers of London properties in recent years.
Investor sentiment towards real estate investment still remains positive despite Brexit as well as recent challenges.
Investors who want to invest in London properties can take up a London property loan with a Singapore bank and these banks let applicants take up financing in either Singapore Dollars (SGD) or British Pound Sterling (GBP).
For applicants working in Singapore and earning in SGD, financing a London property investment is in the same currency as your income and this means that you could enjoy numerous benefits.
Think about employing a professional property management company as they usually assist homeowners with the management and maintenance of their London properties. By employing them, you can concentrate on important matters such as family or work as they help by dedicating their time to ensure your property runs smoothly, attending to emergencies, repairing wear and tear and helping to make sure the property is secure and safe to live in.
There can always be an inherent risk of foreign exchange when investing in overseas properties such as if you have taken a loan in SGD and it weakens against GBP or AUD. In this case, there is a chance that you may have to top up the difference yourself in cash.