House Mortgage

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Old May 19th 2004, 8:20 am
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Tasmanian Devils
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Joined: Mar 2004
Location: york
Posts: 83
Chris Bailey is an unknown quantity at this point
Default House Mortgage

Hi everyone,

We are moving to Tasmania on the 25th July. My husband will still be paid wages for 4 months so we hope to find a house to rent as soon as we can. In November my husband will receive a lump sum payment for serving in the Armed Forces for 23 years. We want to use this to buy a property with, but we will also need a small mortgage.

On leaving the forces my husband also receives a monthly pension until he dies, so at least we will have a small income coming in just in case we can't get jobs straight away.

Will the banks in Oz take this into consideration to enable us to get a small mortgage?

Any help would be appreciated.

Also does anyone know of any decent affordable guesthouses/motels etc that we could stay in until we find somewhere to rent, and also do you have to rent for 6 months or is there a specified time scale you have to sign to?

Thanks

Christine
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