Buying a House ?
May 20th 2004, 10:08 pm
#31
Joined: Jun 2003
Location: Adelaide
Posts: 597
Originally posted by elksa
Hi,
You can actually get a loan approval for a mortgage in AUZ whilst still in England. Somebody I was talking to at the Emigration fair informed us about this and we have since looked into it.
It's a bit early for us to go down this route but is worth considering as they take into account your current earning in England when calculating how much to lend you.
I don't have the contact details of the people I spoke to at hand but I'll get them tonight and post them on here later or tomorrow.
The only problem we can see with this is if you have to take a pay cut to get a job in AUZ and then struggle to meet the mortgage repayements, however, I'll post the details and you can look into it yourselve.
Seeya.
Hi,
You can actually get a loan approval for a mortgage in AUZ whilst still in England. Somebody I was talking to at the Emigration fair informed us about this and we have since looked into it.
It's a bit early for us to go down this route but is worth considering as they take into account your current earning in England when calculating how much to lend you.
I don't have the contact details of the people I spoke to at hand but I'll get them tonight and post them on here later or tomorrow.
The only problem we can see with this is if you have to take a pay cut to get a job in AUZ and then struggle to meet the mortgage repayements, however, I'll post the details and you can look into it yourselve.
Seeya.
Anyone know who to contact?
Or have you done this yourself - if so, how did it work and did you have any problems afterwards meeting the repayments?
Thanks,
Elaine M
Jun 20th 2004, 10:48 pm
#32
Forum Regular
Joined: May 2004
Location: Cardiff, South Wales
Posts: 73
Originally posted by hevs
Its actually going up to 12,000 shortly.
I'm ducking out now so as the PC brigade can have a moan...........
Its actually going up to 12,000 shortly.
I'm ducking out now so as the PC brigade can have a moan...........
Jun 20th 2004, 10:59 pm
#33
High in the Dandenongs
Joined: Apr 2003
Location: Listening to Puffing Billy
Posts: 9,183
Originally posted by avocado
where did you get this information from? I note that the properties for 1st tie buyers are now stap duty exempt for up to $ 500K In NSW.
where did you get this information from? I note that the properties for 1st tie buyers are now stap duty exempt for up to $ 500K In NSW.
The $7000 first time home buyers grant is being raised to $12,000 in VICTORIA. I read it in the Age, i think.
Jun 20th 2004, 11:12 pm
#34
Forum Regular
Joined: May 2004
Location: Cardiff, South Wales
Posts: 73
[aha! I see - Victoria only. so it remains only 7k in NSW but with the incentive of no stamp duty for properties up to 500k.
