KUALA LUMPUR: Affin Group Bhd has introduced a mortgage solution designed to make property investments in London and Manchester more accessible to Malaysians.
The Affin London Home offers a variety of features tailored to help customers diversify their portfolios in the dynamic UK real estate market.
Key features of the solution include financing options for both completed and under-construction residential properties across London (Zones 1 to 6) and Manchester.
Customers can secure a loan in ringgit of up to RM15 million with a financing margin of up to 80 per cent.
It also offers flexible tenure options, allowing for a 30-year loan term or until the borrower reaches the age of 65.
Affin Bank Bhd president and group chief executive officer Datuk Wan Razly Abdullah said this first international financing solution represents a new chapter in its mortgage portfolio.
"By venturing into international property financing, we empower our customers to diversify their investment portfolios and capitalise on the lucrative property market in the United Kingdom.
"This move is a testament to our dedication to meeting evolving financial needs, aligning with the three pillars of our AX28 strategic plan: Unrivalled Customer Service, Digital Leadership, and Responsible Banking With Impact," he said.