Wendy

You'll find that they all vary. You will be able to borrow more if you are single as opposed to if you had dependants.

It's best to rent for a while because if you buy straight away and don't like the area your either stuck there or it'll cost you quite a bit to sell the house. Plus they do prefer you to be in full time employment and not on probation, so try to fill that criteria first as it will open up more choice within the mortgage market.

On $56k we could have borrow up to about $250k (different figures from different banks), we were offered either a 95 or 100% mortgage. If you borrow more than 80% there will be mortgage insurance as well, but they usually add it onto the loan. Ours was $3500 on $225k

Dorothy

When your company pays for your training, you are put on a trainee salary, which can be very low compared to a regular salary. Generally, traineeships are not all home study but a mix of classroom, workplace assessment and self paced study. Probably you won't get much in the way of response to your emails about credit transfer or RPL. You will have to apply for these once you sign on to your course of study. And, of course pay for having your RPL done.

In the past week I've signed up 11 people for Certificate courses and just gone through the process with them all. Got another 5 coming in today for the same.

CathnPaul

Yes I do for another 3.5weeks. send us a PM Lee

Mark_Rigby

Try this calculator. It's more in depth than most online calculators and should give you an ideal of borrowing potential. As far as the deposit goes. You should aim for at 5% deposit if you can (no deposit loans are available though) and put aside around 7% of the property purchase to cover purchase and mortgage costs.

Mark_Rigby

To work as a mortgage broker you need different things depending on which state you are in. For instance in WA we are fully regulated, so you have to be licensed, which has a number of pre-requisites, the education part being Certificate IV in finance, which is not too difficult and you may be able to get UK quals transferred to Oz which may give you this anyway. In QLD they are only just starting now to look at implementing regulation for mortgage and finance brokers, but I'd say the Cert IV finance would be a good start.

Mark_Rigby

Hi, Try the calculator on this site to work out your borrowing potential:

http://www.planabettermortgage.com.au/

If you have a minimum deposit, then you are likely going to need to be in employment for 6 or months or so, before being successful with a mortgage application. You can get a mortgage to buy property here while still in the UK. You don't need to have an Australian address. You are classed as a non-resident, you can obtain up to 80% of the property purchase price as an Australian mortgage. You do however need to get Foreign Investment Board approval to purchase property. This may upset an application for permanent residence, not sure on that one.

Mark_Rigby

Sorry this is the link:

http://www.planabettermortgage.com.au/