Most buyers neglect conveyancing as an important task in the process of buying or refinancing. We think it is so significant as they carry out checks that we could not or neglect. Afterall, one should exercise maximum due diligence in the purchase of a property. Let's learn more about conveyancing.
Investing in commercial properties can be more exciting than residential properties. They offer a better yield since tenants are businesses, and it's usually less hassle in negotiating with them than individuals in residential homes. Lease can be longer, providing some form of stability. So how do you invest in commercial properties?
Topics: Commercial Property
We publish the latest chart & rates for SIBOR & SOR. Learn to compare 1-month & 3-month SIBOR, 3-month SOR & 3-month COMBO. These rates are updated on the first business day of the month.
Effective 01 January 2014, all tenors of USD and SGD SIBOR will be discontinued and not published on Thomson Reuters. From 1 October 2015, SIBOR and SOR data will be subjected to usage fees, in line with global development on benchmark data usage. In addition, subscribers who receive real-time SIBOR and/or SOR data from a market data vendor will be required to pay end user fees. Hence we can only publish delayed monthly data.
Loan to value (LTV) ratio or limit is the loan amount that Singapore mortgage banks and lenders will offer you based on your property value. Mortgage LTV is impacted after the various cooling measures introduced by Singapore government. *Updated August 2013*
If you have a loan approaching or past the 3-year mark, it's time to review the mortgage options. What should you do? We look at the factors affecting your next step (refinancing or repricing)
Following up on the article comparing HDB loan with bank loan and explaining the reasons why a HDB loan is better, we visit the top reasons why some HDB owners take up a HDB bank loan and why it is better than HDB consessionary loan.
If you are a self-employed, you would be wondering how does the Total Debt Servicing Ratio (TDSR) framework introduced by Monetary Authority of Singpore affects. Before purchasing the property, learn the guidelines and the steps to find the right mortgage.
NAB (National Australia Bank) Singapore offers mortgages for properties located in any areas in Australia only. They are able to offer to Australians residing in Singapore, holders of Australia PR visa, Singapore citizens and Singapore PRs as long as they are not resident tax-payers in Australia. NAB mortgage products offered are pegged to their own COF (cost of funds) in Singapore or Australia dollar.
Their COF lending rates are readily available in their website: https://www.nationalaustraliabank.com/nabsingapore/en/Banking_in_singapore/private-wealth/lending_rates
ANZ Singapore offers mortgages for properties located in Singapore, and Australia only. For Australia properties, they are doing within the catchment area of their approved list in Sydney (NSW), Melbourne (VIC) and Perth (WA). Brisbane (QLD and NT are not in the list.
Their mortgage products offered for Singapore properties range from fixed rates to variable rates pegged to 3M SOR or 3M Combo (Average of 3M SOR + 3M SIBOR). For Australia properties, only variable rates are offered in either 3M AUD COF or 3M SGD COF.
DBS Singapore offers mortgages for properties located in Singapore, Australia and London only. For Australia properties, they are financing within the local government areas of their approved list in Sydney (NSW), Melbourne (VIC) and Perth (WA), excluding Brisbane (QLD) and NT.