REMORTGAGE FOR EVERYONE
Whether you are a Singaporean, Singapore permanent resident, British expat, UK citizen, non-residents or offshore foreigner, there are many remortgage products to choose from banks and lenders in Singapore and UK. Talk to us, share your requirements and our London/ UK remortgage specialists will compare and find the right options to refinance.
Variable or tracker rates and fixed rates are available, as well as Singapore dollar or Sterling Pound denominated mortgages. Choosing the right rate and currency are major decisions. We share with you the pros and cons and you decide.
For the sophisticated investor, you can remortgage from a principal and interest loan to an interest only product. Not only the monthly repayments reduce, cashflow is freed up and allow you to manage your financials better. This is available to eligible applicants.
SERVICING DEBT RATIO
Borrowing in Singapore are subjected to the Total Debt Servicing Ratio (TDSR), while UK lenders enforce both Gross Debt Servicing Ratio (GDSR) and their TDSR. Prudent lending looks at your income, liability, expenses and calculates if you can service the loan under stress-test scenarios. Banks may implement the TDSR and GDSR guidelines differently from each other. With our deep understanding of the guidelines, we know how to match you to the lender and remortgage product.
Up to 80% LTV is available to release equity out of your London and UK home. With interest rates from 3% and long tenure, you can quickly pay down other debt, free up cash, reduce repayments and much more. With property prices rise twice as high as predicted, you should consider equity loans for other investments to increase your wealth.
MORTGAGE FOR A NEW UK LONDON PROPERTY
If you recently purchase a UK London property, then you can compare the interest rates here.