How long before you are able to apply for a mortgage?
Dec 1st 2009, 3:21 pm
#1
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How long before you are able to apply for a mortgage?
OK, you have just arrived in OZ, managed to organise a rental & start full time employment in 2 weeks time with a reputable firm.
Bearing in mind that your UK credit history is of no value in Australia, how long would it take to build up your credit history so that you can get a mortgage?
Bearing in mind that your UK credit history is of no value in Australia, how long would it take to build up your credit history so that you can get a mortgage?
Dec 1st 2009, 5:06 pm
#2
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Re: How long before you are able to apply for a mortgage?
OK, you have just arrived in OZ, managed to organise a rental & start full time employment in 2 weeks time with a reputable firm.
Bearing in mind that your UK credit history is of no value in Australia, how long would it take to build up your credit history so that you can get a mortgage?
Bearing in mind that your UK credit history is of no value in Australia, how long would it take to build up your credit history so that you can get a mortgage?
All of the above will be taken into account.
Cheers
Steve
Dec 1st 2009, 5:07 pm
#3
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Re: How long before you are able to apply for a mortgage?
OK, you have just arrived in OZ, managed to organise a rental & start full time employment in 2 weeks time with a reputable firm.
Bearing in mind that your UK credit history is of no value in Australia, how long would it take to build up your credit history so that you can get a mortgage?
Bearing in mind that your UK credit history is of no value in Australia, how long would it take to build up your credit history so that you can get a mortgage?
Dec 1st 2009, 5:26 pm
#4
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Re: How long before you are able to apply for a mortgage?
Thanks for the replies
Dec 1st 2009, 7:09 pm
#5
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Re: How long before you are able to apply for a mortgage?
We had a biggish deposit and got a mortgage a month after landing (and are now Aussie landowners - now to build the house)
Dec 2nd 2009, 12:36 am
#6
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Re: How long before you are able to apply for a mortgage?
You don't need a credit history to get a mortgage. A new one will be created for you when you apply for the mortgage.
All your credit history contains is the dates and amounts of credit applied for and any defaults etc - it doesn't contain a score or anything like that.
All your credit history contains is the dates and amounts of credit applied for and any defaults etc - it doesn't contain a score or anything like that.
Dec 2nd 2009, 1:13 am
#7
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Re: How long before you are able to apply for a mortgage?
Got a mortgage on a 457 visa after being employed for more than 3 months.
Dec 2nd 2009, 1:27 am
#8
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Re: How long before you are able to apply for a mortgage?
OK, you have just arrived in OZ, managed to organise a rental & start full time employment in 2 weeks time with a reputable firm.
Bearing in mind that your UK credit history is of no value in Australia, how long would it take to build up your credit history so that you can get a mortgage?
Bearing in mind that your UK credit history is of no value in Australia, how long would it take to build up your credit history so that you can get a mortgage?
Dec 2nd 2009, 6:59 am
#9
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Re: How long before you are able to apply for a mortgage?
I have been told my our local mortgage company that we just need proof that we are in permanent employment and provide 2 pay slips (even if you get paid weekly/fortnightly)
Dec 2nd 2009, 8:26 am
#10
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Re: How long before you are able to apply for a mortgage?
Dec 3rd 2009, 11:56 am
#11
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Re: How long before you are able to apply for a mortgage?
Are you seriously contemplating buying a house in OZ. Wait for the bubble to burst and then do it!!
Wait for it...............................
Wait for it...............................
Dec 3rd 2009, 12:02 pm
#12
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Re: How long before you are able to apply for a mortgage?
What bubble?
Ok when will it burst exactly? Hopefully by next September when we arrive.
Dec 3rd 2009, 2:32 pm
#14
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Re: How long before you are able to apply for a mortgage?
The orange dust bubble are you moving to Sydney ???
WE were told when we went to a bank in Melbourne 2006 when we orgininally looked at moving out that we would need to have lived in Australia and been employed for a year before we could get a mortgage, that burst our bubble at the time as we had been looking at houses and also land to buy to build build a new house on so it's either changed or every different area and bank etc make they're own rules for your records that was ANZ
WE were told when we went to a bank in Melbourne 2006 when we orgininally looked at moving out that we would need to have lived in Australia and been employed for a year before we could get a mortgage, that burst our bubble at the time as we had been looking at houses and also land to buy to build build a new house on so it's either changed or every different area and bank etc make they're own rules for your records that was ANZ
Dec 3rd 2009, 7:11 pm
#15
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Re: How long before you are able to apply for a mortgage?
The orange dust bubble are you moving to Sydney ???
WE were told when we went to a bank in Melbourne 2006 when we orgininally looked at moving out that we would need to have lived in Australia and been employed for a year before we could get a mortgage, that burst our bubble at the time as we had been looking at houses and also land to buy to build build a new house on so it's either changed or every different area and bank etc make they're own rules for your records that was ANZ
WE were told when we went to a bank in Melbourne 2006 when we orgininally looked at moving out that we would need to have lived in Australia and been employed for a year before we could get a mortgage, that burst our bubble at the time as we had been looking at houses and also land to buy to build build a new house on so it's either changed or every different area and bank etc make they're own rules for your records that was ANZ
Don't like that scenario Jen. We were hoping to rent for a max 6mths. Hoping to move to Brisbane by the way