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Big four target European expat Aussies

by Staff Reporter2 minute read

Australian banks are targeting Australians living in Europe as domestic home loan affordability continues to bite.

While banks have traditionally focused their expatriate mortgage services on Australians living in Asia, they are now realising that high disposable incomes in the UK and higher value foreign currencies can provide a niche boom in offshore home loans, reports The Advertiser.

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According to ANZ Expatriate Mortgages associate director David Laird, who recently established the bank’s London-based expatriate mortgage service, there are both potential benefits and risks in cross-country loans.

“[For that reason] we work closely with customers to ensure they’re choosing the right loan for their needs, and help them develop strategies that are designed to manage any potential risks,” Laird said.

 

Big four target European expat Aussies
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