British Expats - Getting a mortgage

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MrA	Jun 6th 2007 11:14 pm

Getting a mortgage

Just wondering,can you get a mortgage whilst on a RSMS visa?
Cheers

shonalouise

Jun 6th 2007 11:23 pm

Re: Getting a mortgage

We have just bought a house with mortgage on a 457 visa, had to apply for Foreign Investment Review Board Approval. Have to sell house if we don't have PR by the time visa expires, we also cannot rent house out or buy second house for investment. Once you have PR though you can do as you please.

The Bevs

Jun 7th 2007 1:29 am

Re: Getting a mortgage

Quote:

Originally Posted by MrA (Post 4884196)

Just wondering,can you get a mortgage whilst on a RSMS visa?
Cheers

Hello
We are on RSMS and have just got a mortgage with no problems.
Sue :)

Wendy

Jun 7th 2007 1:43 am

Re: Getting a mortgage

Quote:

Originally Posted by MrA (Post 4884196)

Just wondering,can you get a mortgage whilst on a RSMS visa?
Cheers

RSMS is a PR visa, so no problems :)

andrew63

Jun 7th 2007 9:38 am

Re: Getting a mortgage

Quote:

Originally Posted by shonalouise (Post 4884227)

Don't forget that as a 457 (temp) you are not entitled to the First Home Owners Grant (FHOG) in QLD. If you get PR within 1 year of house purchase, you can back-claim it ($7,000).

Andrew

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