The Redbrick Team

Redbrick Mortgage Advisory is an independent advisory working with all 16 banks and financial institutions in Singapore. We have achieved an excellent track record of financing more than 40,000 properties and over SGD$5 billion in annual mortgages.

New property cooling measures announced: ABSD is raised, LTV tightened

In a joint press release by the Ministry of Finance (MOF), Ministry of National Development (MND) and the Monetary Authority of Singapore (MAS), it has been announced today (5th July 2018) that the Additional Buyers Stamp Duty (ABSD) rates will be raised, and that Loan-to-Value (LTV) limits will be tightened. This is part of an effort to “cool the property market and keep prices in line with economic fundamentals”. Additional Buyers Stamp Duty (ABSD) ABSD rates will be raised by

The Redbrick Team July 5, 2018

Investing in a UK property: What’s your strategy?

International investments of residential properties are undoubtedly becoming more popular. More often to collect extra rental income or capital appreciation rather than occupying the property, there is an increasing number of Singaporeans who seek to purchase overseas properties. If you are one of them, here are some key considerations to ponder: Trusted Property Management Partners An important yet constantly overlooked key consideration is the partnership with a property management company. It is essential to seek expert advice and assistance with

The Redbrick Team June 7, 2018

Conversations with: Pam Chuang, GoBear

If you are someone who visits comparison websites when looking at various financial products such as travel insurance and credit cards, you would most likely have come across GoBear. If that doesn’t ring a bell, then surely the iconic (and cute!) bear mascot behind the company would. Founded in 2014, GoBear is one of the fastest growing fintech startups in Asia. It was also Asia’s first metasearch engine when it comes to financial products. While its headquarters are in Singapore,

The Redbrick Team April 30, 2018

Conversations with: Seow Kek Wee, Head of Investment, Unicorn Financial Solutions

The world of financial planning and advisory can be an intimidating one to foray into. With much criticism on unethical practices by financial advisors here, we exercise extra caution for fear that we’ll fall prey to a bad apple. What makes a good financial advisor? Would it be someone who invokes confidence and trust? Sure, you’d need someone you can trust and be confident in their recommendations, or else you’ll find yourself feeling stressed or nervous after meeting your advisor.

The Redbrick Team April 23, 2018

UK Special: Trust me, I’m an estate agent…

If you have yet to buy your first overseas investment property, you may have heard of the horror stories from those who have. From blowing £185 to change a lightbulb (approx. S$394) to paying close to S$20,000 for a furnishing package on a one-bedroom apartment, it is always a risk you have to undertake when you’re putting your hard earned savings into what could potentially be a poor investment decision. In the UK, you would almost always be served by

The Redbrick Team April 20, 2018

A guide to Standard Chartered home loans in Singapore

There are various banks in Singapore offering customers different interest rate packages for its home loans, and it can be a confusing process for buyers when choosing a package. Where does Standard Chartered Bank (SCB) stand as compared to other banks when it comes to home loans? Interest Offsetting Mortgage Account An interest-offset mortgage account is a repayment account that is joined to the mortgage loan you currently own. With this feature, customers can earn a higher interest rate in

The Redbrick Team April 17, 2018

What should you look out for when buying a Building-Under-Construction (BUC) unit?

While properties that are still under construction may have more risks than a completed property, developers often incentivize buyers with per-square-foot discounts, absorption of stamp duties or other administrative costs. Besides the monetary savings arising from an early purchase, you might benefit from a lower interest rate as well! This is because BUC loan rates are not necessarily higher when compared with loans for completed properties. This article will help you to make more informed financing decisions when considering a

The Redbrick Team March 29, 2018

A guide to UOB Home Loan Interest Rates in Singapore

There are many different banks in Singapore offering customers different interest rate packages for it home loans. Customers can be confused when faced with such variety when having to choose a home loan package. Where does United Overseas Bank (UOB) stand as compared to other banks when it comes to home loans? UOB Property Loans Online Festive Exclusive Sometimes, banks allow festive exclusive loans during certain seasons. For instance, UOB has introduced a property loan to attract more customers this

The Redbrick Team March 26, 2018

9 Renovation Budget Hacks Every Homeowner Should Know

Did you know that the average renovation rings up to a tune of $51,000, according to data extracted from projects and contracts on Qanvast? But don’t let that faze you – just as we’ve seen amazing makeovers with five-digit budgets, we’ve seen gorgeous spaces put together on super tight budgets! To help you do just that, interior designers William from Authors Interior & Styling and Eric from Space Factor dish in on 9 money-saving budget hacks that can potentially save

The Redbrick Team March 21, 2018

A guide to OCBC Home Loan Interest Rates in Singapore

OCBC Home Loan In Singapore, there are quite a number of major banks that offer attractive interest rate packages for your financing needs. How does OCBC compare to the other major banks when it comes to home loans? Why Choose OCBC Home Loan Below, we have compiled a list of features for your benefit that are unique to OCBC when it comes to applying for a home loan with OCBC: Contents OCBC Home Rate Package Since October 2017, OCBC dropped

The Redbrick Team March 13, 2018