moving back to the uk after ten years in australasia.
 

Are we able to get credit and mortgage straight away?

Re: moving back to the uk after ten years in australasia.
 

Hi, when we returned to the UK we did not have any problems with mortgages etc, credit...well we always pay cash so have not actually applied for any credit if I was you and you might need credit I would bring as much info over as possible ie if you have credit cards bills etc it might help to show you have a paying history so to speak, even household bills might help. Good luck

Re: moving back to the uk after ten years in australasia.
 

Will you have a source of income straight away?

When we returned after two years overseas, credit (i.e. cards, loans) was hard to get, but we had no trouble getting a mortgage. I guess because that was secured lending.

Re: moving back to the uk after ten years in australasia.
 

Hi,
You might find you can obtain a UK Mortgage now, based on your situation at present. Some lenders take comfort in knowing that you have employment secured - but not all do. I am a whole of market, FSA registered mortgage broker and I specialise in ExPat mortgages. I am more than happy to answer any questions.
Regards
Simon

Re: moving back to the uk after ten years in australasia.
 

to improve a credit rating in the UK, and you start with a neutral one, you should have bank account, credit card, be on electoral roll. as long as you keep paying your credit card with at least the minimum amount then your rating will go up. Not sure about what non UK things they take into account, but we returned after 5 years in Spain and have had no problems. Having a egular income also helps, I'm a pensioner, so that works.

Re: moving back to the uk after ten years in australasia.
 

do you mean i could apply for a mortgage there now whilst i am working in sydney based on the equity in my home? what would my situation be like when i have sold my home and take my equity back to the uk? probably about 150000 quid whilst looking for a job, we only want to have a small mortgage around 30000.

Re: moving back to the uk after ten years in australasia.
 

Hi we were offered a mortgage while in Aus (we had already sold our home and were renting) we went through Halifax and we had to show them our bank statements etc and also get a justice of the peace to confirm who we were and was offered a mortgage and also one with HSBC as it were we arrived home and rented first but we still have our approved mortgages with both banks.

Re: moving back to the uk after ten years in australasia.
 

Hi,

The lenders here will only consider an applicaation from you if you have your deposit in cash. They wouln't be able to do anything with equity that is already tied-up in other assetts. You would need to have a deposit of at least 25%

Regards
Simon

Re: moving back to the uk after ten years in australasia.
 

We were offered 20% deposit as we were still overseas but upon our return we were offered 10% deposit with both banks and 20% for a new build, a friend has just bought a house wth 5% deposit eek:

Re: moving back to the uk after ten years in australasia.
 

does anyone know what the job situation is like around warrington,widens,liverpool and Manchester. I have worked in the Warehousing / Logistics as an operations manager for the past 10 years, could anyone give me some good job sites to mull therough or give me any advice.