I own a house in Australia can I raise a mortgage on my property with a bank not in Australia say for instance in Malaysia.Can I mortgage a house I own with a overseas bank?
Sorry about all of the spam.
Generally the answer is no because if you default the bank has to be within a legal jurisdiction to foreclose. The Malaysia bank would need a branch in your country in order to easy reclaim their funds.Can I mortgage a house I own with a overseas bank?
i'm not sure, but i think this site has the answer to this particular question. they've got lots of stuff about this anyway.
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