Buying a UK House, whilst Living in Oz!
#1
Buying a UK House, whilst Living in Oz!
Hi
has anybody been successful in securing a mortgage in UK/Australia in order to buy a UK house whilst working in Australia?
Does that make sense?
Just wondering whether it is possible?
Thanks
gd
has anybody been successful in securing a mortgage in UK/Australia in order to buy a UK house whilst working in Australia?
Does that make sense?
Just wondering whether it is possible?
Thanks
gd
#3
Forum Regular
Joined: Nov 2005
Posts: 50
Re: Buying a UK House, whilst Living in Oz!
Originally Posted by gdcollectables
Hi
has anybody been successful in securing a mortgage in UK/Australia in order to buy a UK house whilst working in Australia?
Does that make sense?
Just wondering whether it is possible?
Thanks
gd
has anybody been successful in securing a mortgage in UK/Australia in order to buy a UK house whilst working in Australia?
Does that make sense?
Just wondering whether it is possible?
Thanks
gd
I haven't done it from Australia, but I have been living in Bermuda for 5 years and successfully bought a flat in Scotland 18 months ago. Royal Bank of Scotland International supplied the mortgage, and they were very helpful. They specialise in ex-pat mortgages so I would think they could help you.
I contacted several other banks, but didn't have much luck.
The link to their website is http://www.rbsint.com
#4
BE Forum Addict
Joined: Dec 2003
Location: Adelaide - South Australia
Posts: 1,820
Re: Buying a UK House, whilst Living in Oz!
I haven't......but would you like to buy my house?
#5
Forum Regular
Joined: Apr 2005
Posts: 196
Re: Buying a UK House, whilst Living in Oz!
Originally Posted by gdcollectables
Hi
has anybody been successful in securing a mortgage in UK/Australia in order to buy a UK house whilst working in Australia?
gd
has anybody been successful in securing a mortgage in UK/Australia in order to buy a UK house whilst working in Australia?
gd
#6
BE Enthusiast
Joined: Nov 2004
Location: parkdale, melbourne
Posts: 553
Re: Buying a UK House, whilst Living in Oz!
We are in the process of changing our mortgage whilst living in Oz.
Is this what you mean?
We get whole new forms as if we are applying for a brand new mortgage (that way they can charge us remortgage fees I think).
Our fixed rate mortgage came to an end and we could either go on paying at the now Standard rate or 'remortgage' for a fixed rate. We have tenants in our property so we have to declare this otherwise our insurance will be null and void if anything happens to the house + pay an extra 1% on top of the mortgage. Robbing beeps!
I think it depends on your circumstances and the individual Bank. We are going through Coventry Building Soc but First Direct said HSBC would do it also.
We are here permenantly and been here for over 2 years just for a little more info.
LJJ
Is this what you mean?
We get whole new forms as if we are applying for a brand new mortgage (that way they can charge us remortgage fees I think).
Our fixed rate mortgage came to an end and we could either go on paying at the now Standard rate or 'remortgage' for a fixed rate. We have tenants in our property so we have to declare this otherwise our insurance will be null and void if anything happens to the house + pay an extra 1% on top of the mortgage. Robbing beeps!
I think it depends on your circumstances and the individual Bank. We are going through Coventry Building Soc but First Direct said HSBC would do it also.
We are here permenantly and been here for over 2 years just for a little more info.
LJJ
#7
Re: Buying a UK House, whilst Living in Oz!
Originally Posted by gdcollectables
Hi
has anybody been successful in securing a mortgage in UK/Australia in order to buy a UK house whilst working in Australia?
Does that make sense?
Just wondering whether it is possible?
Thanks
gd
has anybody been successful in securing a mortgage in UK/Australia in order to buy a UK house whilst working in Australia?
Does that make sense?
Just wondering whether it is possible?
Thanks
gd
#8
Re: Buying a UK House, whilst Living in Oz!
Hi
thanks for the link Bermuda girl!
Sorry, Marco - wrong area - and I haven't got a swap either!
ljj, I'm looking to buy a house in the UK; whilst living in Australia - Thanks.
That was handy Vash - make sure you hang onto both!
gd
thanks for the link Bermuda girl!
Sorry, Marco - wrong area - and I haven't got a swap either!
ljj, I'm looking to buy a house in the UK; whilst living in Australia - Thanks.
That was handy Vash - make sure you hang onto both!
gd
#9
Re: Buying a UK House, whilst Living in Oz!
Originally Posted by gdcollectables
That was handy Vash - make sure you hang onto both!
gd
gd