Getting a mortgage back in the UK
 

Hi

I've searched the site and can't seem to find anything so hopefully someone out there may be able to help?

My wife and I (both originally from UK) moved to Sydney 13 years ago. We closed down our bank accounts there and as we are no longer residents of the UK cannot open one up.

We would like to take advantage of the exchange rate and purchase an investment property over there but it seems to be much harder than I thought.

Has anyone had a similar experience and have you had any success???

Thanks

Re: Getting a mortgage back in the UK
 

I got mortgage approval in 2009 for Halifax, for a 75% loan. Wan't too hard at all but I used a broker to arrange. These were the guys who arranged: http://www.contractormortgagesuk.com/, are focussed on IT contractors but may do others.

Re: Getting a mortgage back in the UK
 

I am not sure about the connection between bank account and buying a property in UK? When you come to make the purchase you would just wire your money through to the solicitor as normal.

In terms of getting a mortgage, there are specialist expat mortgage brokers that you could use. Also at one point Barclays did expat mortgages, don't know if they still do but worth a look.

Re: Getting a mortgage back in the UK
 

These are the contact details of the broker who got us an expat mortgage with the Halifax, three years ago. Service was very good, if somewhat expensive.

Grant Banks
International Consultant
ADS Mortgage & Financial Planning Ltd
Oliver's Courtyard
80 Bank Street
Maidstone
Kent
ME14 1SD

Tel: +44 1622 693 339
Direct +44 1227 706 004
Fax: +44 1227 794 855
Mob: +44 7785 295 370
Email: [email protected]

Re: Getting a mortgage back in the UK
 

Thanks very much for all your comments - will follow these guys up.