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|London Home Loans
James, a UK citizen, living and working in London, travel frequently to Singapore for both work and leisure. He has intentions to buy a London property in zone 1. The estimated purchase price of the property is about $500,000 pounds and he intends to take up a mortgage of up to 75% loan-to-value ratio financing.
Let’s review the advantages and disadvantages between Singapore’s London Home Loan vs a leading bank offer in UK for buy-to-let mortgages.
- Lower interest rates.
- Rates offered are throughout the entire tenor of the loan. Perpetual long term interest savings thereafter.
- Traced to publicly publish interbank rate SIBOR.
- Savings from no establishment fee for SGD finance.
For more info on London home loans, visit: http://www.mortgagesupermart.com.sg/resources/articles/198-why-singapore-s-buy-to-let-london-mortgages-can-shrink-your-home-loan-bills