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Brunei – Property Financing

Mortgages for Foreign Nationals in Brunei

Brunei, a small but prosperous nation on the island of Borneo, has attracted foreign nationals interested in investing in its real estate market. In this article, we will explore the availability of mortgages for foreign nationals in Brunei, identify local lenders that provide mortgage services, discuss deposit requirements for property purchases, and clarify the responsibilities of new property owners concerning outstanding debts on the property.

Availability of Mortgages for Foreign Nationals

Brunei welcomes foreign nationals to invest in its real estate market, and the availability of mortgages for non-citizens is generally favorable. However, the process for obtaining a mortgage may vary based on an individual’s legal status, creditworthiness, and the lending institution they approach. While there are typically no legal restrictions on foreign nationals acquiring mortgages, each bank may have its own set of criteria and preferences.

Foreign nationals interested in securing a mortgage in Brunei should be prepared to demonstrate a stable source of income and a good credit history. While some banks may prioritize local residents or individuals with a longer-term presence in the country, many lending institutions in Brunei are open to providing mortgages to foreign nationals.

Local Lenders Providing Mortgages

Brunei has a selection of local banks and financial institutions that offer mortgage services to both citizens and non-citizens. Some prominent local lenders that provide mortgages in Brunei include:

  • Baiduri Bank: Baiduri Bank is one of the leading banks in Brunei and offers various mortgage products to help individuals finance their property purchases.
  • Standard Chartered Bank Brunei: Standard Chartered Bank operates in Brunei and provides mortgage solutions to eligible applicants.
  • HSBC Brunei: HSBC is a global bank with a presence in Brunei, offering mortgage options for both residents and non-residents.

These banks typically have dedicated mortgage departments to assist foreign nationals in navigating the mortgage application process, gathering the necessary documentation, and understanding the specific requirements for obtaining a mortgage in Brunei.

Deposit Requirements for Property Purchases

When it comes to buying property in Brunei, deposit requirements can vary depending on the lending institution and the terms of the mortgage. Generally, property buyers are expected to make a down payment that can range from 10% to 30% of the property’s purchase price.


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It’s important to note that deposit requirements may differ significantly between lenders and can be influenced by factors such as the applicant’s creditworthiness, the type of property being purchased, and the loan-to-value (LTV) ratio set by the lending institution.

Property buyers in Brunei should also be prepared for additional costs associated with property purchases, including stamp duty, legal fees, and other related expenses. These additional expenses can impact the overall financial commitment when buying a property in Brunei.

Responsibility for Outstanding Debts

When acquiring property in Brunei, new property owners are generally not responsible for any outstanding debts or financial obligations related to the property that occurred before the purchase. However, conducting due diligence is crucial to ensure a transparent and secure transaction.

As part of the property purchase process in Brunei, a comprehensive due diligence procedure is typically conducted. This involves verifying the property’s ownership history, identifying any encumbrances or liens, and confirming whether there are any outstanding debts or mortgages associated with the property.

The seller is typically responsible for ensuring that the property has a clear title and is free from any encumbrances or financial obligations that could affect the buyer. Sellers are expected to resolve any outstanding debts or liens on the property before completing the sale.

Working with experienced real estate professionals, including real estate agents, attorneys, and notaries, can provide valuable assistance throughout the property purchase process in Brunei. These professionals can help buyers navigate the legal and financial aspects of acquiring property and ensure that all necessary due diligence is carried out.

In summary, foreign nationals can generally obtain mortgages in Brunei, subject to specific eligibility criteria and requirements set by local lenders. Notable local lenders offering mortgage services include Baiduri Bank, Standard Chartered Bank Brunei, and HSBC Brunei. Deposit requirements typically range from 10% to 30% of the property’s purchase price. New property owners in Brunei are generally not responsible for outstanding debts on the property, provided they conduct proper due diligence and work with experienced real estate professionals.


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