Hi,

I have a two part question:

1. I have a Hong Kong property which has a mortgage but 70% of it has been paid off. If I were to do a Cash Out financing (not sure if that's the term) then they can only give me a 50% L2V, For example:

Purchase price: HKD 2M
Current value: HKD 5M
Loan: 1.5M

So, they can loan me 5M/2 - 1.5M = 1M (50% L2V)
whereas had the L2V been (say) 100%, I could have potentially borrowed 5M=1.5M = 3.5M (depending on the valuation of course)

My question is this: if I want to buy a property in (say) Australia, can I potentially get a loan of 3.5M from an Australian bank in Australia using my HK property as collateral? (They wouldn't need to abide by mortgage rules in HK so I should not be limited to 50% L2V, right?)

2. If I can borrow money that way, does anyone have experience with brokers or one of those property companies like IP GLOBAL? Do they have facilities where they can help a customer borrow money and manage overseas property investments for a fee?

How reliable are these companies? Any firsthand experience you can share would be great. I don't want to approach any of them yet!

Thanks!