Tomtom

Hi All. Does anybody know how feasible it is to secure a morgage loan in Australia while not yet working in the country, with a deposit of about 50% of the cost of a property one intends to buy? Is the evidence of employment outside Australia showing the capability of meeting monthly repayments able to do this magic?

Cheers.

Tomtom

binbird

We couldn't even get a credit card until we had an income in Australia! :scared:

As far as mortgages are concerned, I haven't a clue - sorry!

Binbird

matt-and-jenny

Hmmm, not sure, but I don't fancy your chances. In my experience, most banks are looking for 3 months employment, but we were first home buyers.

ABCDiamond

The St George bank were prepared to accept current UK income, based on official UK tax returns, to service an Australian Home loan, but that was for an Australian resident with UK income.

Tomtom

Thanks for your response. May have to contact this bank.

Cheers.


Tomtom