ozzieclare2b

ok so i am starting to panic a bit. House sale has fallen though and being realistic we have dropped the price a bit. Things are starting to look a bit tight. We were hoping we would have enough to get us out there (shipping flights) etc and pay off cc before we go.

Once everything sorted we would have around 27k but we were hoping for alot of this to be a decent deposit on a house. If we take cc debt with us of 6.5 k is it going to be more in the long run to pay off in dollars? This would at least give us a bit more. I know its possibly more than some people have but it feels like we will be starting from scratch. as we only have 14 yrs left on our mortgage here . any ideas/ experiences to share?

Shaun&Dee

Pay off all your debts and start from scratch, once you have an ozzy job get an ozzy mortgage.

jatman

an option is to raise capital on your property (remortgage) to take to Aus and then to rent the house out to generate enough income to cover the mortgage. I would only suggest this if you feel that u are not getting a fair price on your property at moment. lots of ifs and buts with this option.

Hope this helps.

ozzieclare2b

hmm would prefer to sell house dont fancy idea of renting it out in case anything happens with us being so far away. I guess renting will be cheaper than a mortgage so maybe we should rent and save up. I dont think i will have any probs getting a job as a nurse hubby is in sales but doesnt mind what he does ahhhh theres so much to think about my brain hurts!!

krestsaf

consider our position.

bankrupt due to my ex wiping me out of £25k
no house for capital as i cant get mortgage
low paid job
no personal belongings only a 10 yr old car worth 500 quid
so far we have £450 saved

any suggestions on how to make cash fast would be greatful
saving 1 wage at the moment and living on other, bare min of eating pasta and sauce every night

fartso

Sorry to hear about your cash flow situation mate!

Try seeling 'DRUGS' it seems to pay a lot of cash...

Sparky wife

Hi Clare,

We aren't going to be going out with much and it scares us! The thought of starting again and being very restricted as to where we can buy. Sent some karma for the house to sell

We are leaving our place behind if it hasn't sold, we are able to pay the mortgage for a while but really we want it sold and out of our hair so we can hopefully get some money from it. We aren't keen on renting it out either...can see where you are coming from with that one.

The amount of money we will be going out with will mean that we will be bare boning (sounds dodgy ) but then we have no dependants and have lived this way before, so no biggy.

Krestsaf, where there is a will there is a way! You are fortunate in that you do not have a property that is struggling to sell, even though it doesn't seem like it. Symphathize on the pasta and sauce each night, but you sound very determined. Am guessing that you are working like a demon anyway right now, but any chance you could get a part time job on the weekends to get extra money in?

ozzieclare2b

that puts my dilema in perspective then..sorry to hear that.. but theres always escort work lol (only kidding). I guess its like how longs peice of string in terms of money and i am just scared of giving up our relative security to leap into the unknown and starting again (done it once myself courtesy of ex husband not nice) sending u some karma x

1Ben

Jatman is an ideas man,I'd look into doing that.Rent out your house in the UK if you can't get a decent price on it.

ozzieclare2b

The only problem is we need the capital in order to go to oz and i just want to be free of it if it means losing a few k then will have to do it. A colleague of mine did this and it went tits up while she was in oz as they couldnt rent it out she ended up paying mortgage in uk and rent in oz and it ruined everything for her so she came home. I know this may not be case for us but we have had so much bad luck lately i just want it gone

jatman

Raising capital by remortgaging would give you cash to take over to Aus - if you have equity in the house...then provided you can keep your payments low on the mortgage by having it over 30 years and perhaps interest only you would most likely easily cover these with the rent and pay no tax cuz the interest is deductible. A reliable agent could handle it all 4 u.

If you are risk averse and want to get rid of proprty quick try:
house open day with big marketing drive
auction it - & publicise to big house up in advance this way you may get more than even using an agent

What do you think?

jatman

Can anyone help me:

I dont know what options there are for getting to Aus. My circumstances:

Wife 37 works in technical IT, I am in more business change/project managemen (40+) ..what route should we go for...unlikley we'll get job offers in advance so how does the other option work I think its skilled migrant - what number is this?

perhaps someone can give me a nutshell guide - just being lazy here!!!


We laos have 2 yng kids...

ozzieclare2b

I would speak to a migration agent about which route/visa to apply for. Many offer free evaualtions. i can highly recommend Go Matilda (our agent)who have offices in Australia as well as uk. Alan Collett posts on here regular who runs them. Just do quick google search for their number and they can go through things with you re points etc and help you get a visa (for a fee). Hope this helps x clare

krestsaf

well as for escorting, i wouldnt earn enough for a pack of fags

we trying hard to save, but i cant do over time, and we worked out if we do part time job the tax eats it.

cant win

Sparky wife

Yeah, I wondered about that, whether or not the tax would eat up what you had made extra. That sucks.

Maybe your numbers will come up?