The Roaring 2020s?

Global Mortgage Group

The “Roaring 20’s” is often considered as one of the most prosperous times in the West. WWI had just ended, and the housing market’s growth, the development of infrastructure, telephone networks, automobiles, etc., was the centerpiece of growth. America’s wealth more than doubled in the years between 1920 and ’29 with most of the wealth invested into finance and industry but there was enough trickle-down to lower-income earners to help buoy a new consumer culture.

Doesn’t this sound familiar?

In 2020, FAANG stocks (our version of industrial stocks in 1920s) doubled as well!

Meanwhile, as the world heads towards being incrementally more vaccinated, we are seeing inflation expectations rise, the first wage growth in over a decade, and a potential $3T infrastructure plan in the U.S. which draws some comparisons to FDR’s The New Deal.

Personally, I find it remarkable how the global macro narrative has shifted 180-degree only one year out from the start of a global pandemic, and also not far from when the discussions among leading economists were ‘when’ deflation would happen, not if. Now consensus, in under 12 months, has gone from deflation to inflation.

If you are looking for evidence that inflation is back, look no further than housing prices. Knight Frank reports that worldwide home prices rose 5.6% in 2020, and CoreLogic says U.S. home prices increased 10.4% year-on-year in February 2021, the highest in 15 years!

Taking some data points from Knight Frank’s survey, look at the annual % change in home prices in the major cities that Global Mortgage Group offers mortgages in.

Can you guess which city had the highest growth in the U.S., U.K., France, Canada, Australia, and Singapore? Read here to find the answer!

U.S.
Phoenix, California+14%
Seattle, Washington+13%
Los Angeles, California +10%
New York City, New York+10%
Atlanta, Georgia+8.9%
Dallas, Texas+8.4%
Miami, Florida+9.2%
Switzerland
Geneva, Switzerland+7%
France
Lyon, France+8.9%
Paris, France+7.7%
Australia
Sydney, Australia+4.5%
Brisbane, Australia+4.2%
Melbourne, Australia +3.6%
U.K.
Manchester, UK+8.7%
London, UK+4.3%
Canada
Montreal, Canada+15%
Toronto, Canada+10%
Vancouver, Canada+7%
Singapore
Singapore+2.2%

Sources: World Property Journal, High Finance, History.com

Hong Kong citizen buys apartment near Cambridge for son during University

International Mortgage Lenders

The Client

Our client's son was recently accepted to Cambridge for university and wanted to purchase an apartment.

How We Helped

Our client saw our ad online in Chinese and came through our website. Our Cantonese-speaking team talked through the various loan programs available and why using our services would be better than the local international banks. We found our client a 25-year loan at 1.79% + Base Rate!

NationalityResidenceOccupationProperty ValueLoan Amount
Hong Kong CitizenHong Kong Lawyer GBP 950,000GBP 570,000
Loan to valueRateTermProperty Details
60%2 year tracker rate 1.79% + BOEBRUp to 25 yearsApartment, Cambridge, UK
NationalityHong Kong Citizen
ResidenceHong Kong
Occupation Lawyer
Property ValueGBP 950,000
Loan AmountGBP 570,000
Loan to value60%
Rate2 year tracker rate 1.79% + BOEBR
TermUp to 25 years
Property DetailsApartment, Cambridge, UK

Chinese National living in Hong Kong buys a condo in Singapore

Chinese National in Hong Kong buys condo in Singapore

The Client

Our client was referred to us by a law firm helping him set up a Singapore presence, which includes a company, family office, and trust.

How We Helped

Our client worked with our Chinese-speaking HNW team, who is very familiar with this exact case. It was especially good that we had referrals from similar clients in Hong Kong, so the client felt rest-assured. We work with over a dozen private banks in Singapore, helping their clients with International mortgage requests.

NationalityResidenceOccupationProperty ValueLoan Amount
Chinese NationalHong Kong Entreprenuer SGD 11,000,000SGD 6,600,000
Loan to valueRateTermProperty Details
55%1.15% pa2 year fixed Luxury Penthouse Condo
NationalityChinese National
ResidenceHong Kong
Occupation Entreprenuer
Property ValueSGD 11,000,000
Loan AmountSGD 6,600,000
Loan to value55%
Rate1.15%
Term2 year fixed
Property Details Luxury Penthouse Condo

Russian businessman buys a bungalow in Sentosa, Singapore

Russian businessman buys bungalow in Sentosa, Singapore

The Client

The client was referred to us by a friend who was also Russian and owned several condos in Sentosa. Our client wanted to purchase a home with the intention of moving his family over when their son was to start school.

How We Helped

Our team understood that the client was a Foreign National living overseas with no Singapore footprint. The challenge was to find the appropriate lender for his specific situation. His plan to move his family over was a big help in coordinating with the lender. In the end, we found an investor offering 60% LTV with a 1.35% floating rate mortgage.

NationalityResidenceOccupationProperty ValueLoan Amount
Russian NationalMoscow BusinessmanSGD 25,000,000SGD 15,000,000
Loan to valueRateTermProperty Details
60%1.35% pa3 year fixedBungalow, Sentosa
NationalityRussian National
ResidenceMoscow
Occupation Businessman
Property ValueSGD 25,000,000
Loan AmountSGD 15,000,000
Loan to value60%
Rate1.35%
Term3 year fixed
Property DetailsBungalow, Sentosa

Monaco resident purchases condo in Singapore, ahead of opening a family office

Monaco resident purchases condo in Singapore

The Client

Our client's family office was moved from Zurich to Singapore, and he wanted to purchase a home for his visits. His 2 boys were also going to attend UWC boarding school in Singapore.

How We Helped

The client came through his private bank, with who we have a relationship with in Singapore. Our HNW team works with clients looking to set up family offices in Singapore, and we also put the client in touch with our network of real estate agents who found our client an off-market rare luxury penthouse condo.

NationalityResidenceOccupationProperty ValueLoan Amount
U.K. CitizenMonaco EntreprenuerSGD 15,000,000SGD 8,000,000
Loan to valueRateTermProperty Details
53%1.408% pa5 year fixedLuxury Penthouse Condo
NationalityU.K. Citizen
ResidenceMonaco
Occupation Entreprenuer
Property ValueSGD 15,000,000
Loan AmountSGD 8,000,000
Loan to value53%
Rate1.40%
Term5 year fixed
Property DetailsLuxury Penthouse Condo

Singapore lawyer buys a home in Chatswood, north of Sydney

Singapore lawyer buys home in Chatswood, north of Sydney

The Client

Our client had done very deep research on how people in Sydney were slowly moving to Chatswood due to the lower cost of living. He was purely motivated for an investment and yield return.

How We Helped

Our client wanted to cover his rental yield with high leverage. Given Singapore banks require hefty cash collateral, it didn't make sense for him to use a traditional Singapore bank. Our client heard our presentation at a local social club and contacted our team in Singapore. We found a 30 year loan at 4.88% that was able to be closed in 45 days.

NationalityResidenceOccupationProperty ValueLoan Amount
Singapore CitizenSingapore Lawyer AUD 790,000AUD 474,000
Loan to valueRateTermProperty Details
60%4.88%Up to 30 YearsCondo, Chatswood, North Sydney
NationalitySingapore Citizen
ResidenceSingapore
OccupationLawyer
Property ValueAUD 790,000
Loan AmountAUD 474,000
Loan to value60%
Rate4.88%
TermUp to 30 Years
Property DetailsCondo, Chatswood, North Sydney

Filipino living in Manila buys an apartment in Melbourne

Filipino living in Manila buys apartment in Melbourne

The Client

Our client saw our webinar and contacted our sales team in Manila.

How We Helped

Living in the Philippines, our client had limited access to finding a mortgage. She contacted GMG from an event we hosted in Manila and reached out to our team based there. She was surprised to hear that "International" mortgages were available, especially in the Philippines. Our team was able to find our client a 30-year loan at 50% loan to value. The entire process was handled without the client leaving the country.

NationalityResidenceOccupationProperty ValueLoan Amount
PhilippinesPhilippines LawyerAUD 600,000AUD 300,000
Loan to valueRateTermProperty Details
50%4.88% paUp to 30 YearsCoburg North, Melbourne
NationalityPhilippines
ResidencePhilippines
OccupationLawyer
Property ValueAUD 600,000
Loan AmountAUD 300,000
Loan to value50%
Rate4.88% pa
TermUp to 30 Years
Property DetailsCoburg North, Melbourne

Chinese National in HK buys a condo in downtown Sydney

Chinese National in HK buys condo in Sydney

The Client

Our client contacted us after seeing our ad on WeChat! Our Chinese-speaking team immediately gained the confidence of the client.

How We Helped

Our client was reluctant to use a Hong Kong bank, given her previous experience, and wanted to explore other lending options. Her income was not consistent, given she owned her own company. Our team found a lender to accept an entrepreneur as a client with 60% LTV!

NationalityResidenceOccupationProperty ValueLoan Amount
Chinese NationalHong Kong Fund ManagerAUD 3,000,000AUD 1,800,000
Loan to valueRateTermProperty Details
60%4.88% paUp to 30 YearsDowntown Sydney
NationalityChinese National
ResidenceHong Kong
OccupationFund Manager
Property ValueAUD 3,000,000
Loan AmountAUD 1,800,000
Loan to value60%
Rate4.88% pa
TermUp to 30 Years
Property DetailsDowntown Sydney

U.K. Citizen in London purchases vacation home in Whistler

International Mortgage Lenders

The Client

Our client went to university in Canada and had always planned to retire in Whistler.

How We Helped

Our client was referred to us by his real estate agent in Whistler, whom we work closely with for overseas buyers who require a mortgage. Since our team only works with Overseas Expats and Foreign Nationals, we understood our client's requirements and found him the perfect program that matched his requirements.

NationalityResidenceOccupationProperty ValueLoan Amount
U.K CitizenLondon ConsultantCAD 2,400,000CAD 1,440,000
Loan to valueRateTermProperty Details
60%2.25%25 years Whistler, British Columbia
NationalityU.K Citizen
Residence London
Occupation Consultant
Property ValueCAD 2,400,000
Loan AmountCAD 1,440,000
Loan to value60%
Rate2.25%
Term25 years
Property DetailsWhistler, British Columbia