MORTGAGE

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Old Jan 10th 2016, 9:23 pm
  #1  
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Default MORTGAGE

Any body got a mortgage in Australia while living in the uk recently? if so who did you go through? iv been advised that you cant do it anymore but im not 100% shore that correct.
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Old Jan 10th 2016, 10:35 pm
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Default Re: MORTGAGE

Originally Posted by SUPERCAD
Any body got a mortgage in Australia while living in the uk recently? if so who did you go through? iv been advised that you cant do it anymore but im not 100% shore that correct.
Its very difficult to do it in reverse. Too much risk of fluctuating exchange rates and other risks.

A relationship manager at HSBC told me a few months back that they give mortgages to non Australian residents. But I've heard that before in the UK and when push comes to shove nothing goes through. Good luck.
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Old Jan 11th 2016, 7:11 am
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Default Re: MORTGAGE

Originally Posted by SUPERCAD
Any body got a mortgage in Australia while living in the uk recently? if so who did you go through? iv been advised that you cant do it anymore but im not 100% shore that correct.
Hi there, banks will still lend in this situation. If Australian citizen you will generally needa 10% deposit plus costs. If foreign national (including Australian permanent residents) then you will need 20-30% deposit plus costs.

Otherwise, lending and regulatory policy has tightened up but for the most part its business as usual. All the best! CV
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