Mortgage in Oz - How easy?
Sep 14th 2005, 10:21 pm
#1
now just Shaun...
Thread Starter
Joined: May 2005
Posts: 483
Mortgage in Oz - How easy?
Hi
Will be going to Oz once the Visa comes through (fingers crossed). With the sale of my UK house intend to buy house or plot in Oz (Sunshine Coast area), but may need to top up with a mortgage of some sort as will probably be a bit short of what we want to get.
How easy / difficult is it to get a mortgage on a Skilled Independant Visa? Are the rules the same as the UK? Do they calculate how much you can borrow based on your salary?
Regards
Shaun
Will be going to Oz once the Visa comes through (fingers crossed). With the sale of my UK house intend to buy house or plot in Oz (Sunshine Coast area), but may need to top up with a mortgage of some sort as will probably be a bit short of what we want to get.
How easy / difficult is it to get a mortgage on a Skilled Independant Visa? Are the rules the same as the UK? Do they calculate how much you can borrow based on your salary?
Regards
Shaun
Sep 14th 2005, 11:03 pm
#2
Sydney- North Shore
Joined: May 2004
Location: Sydney
Posts: 387
Re: Mortgage in Oz - How easy?
Originally Posted by Shaun&Dee
Hi
Will be going to Oz once the Visa comes through (fingers crossed). With the sale of my UK house intend to buy house or plot in Oz (Sunshine Coast area), but may need to top up with a mortgage of some sort as will probably be a bit short of what we want to get.
How easy / difficult is it to get a mortgage on a Skilled Independant Visa? Are the rules the same as the UK? Do they calculate how much you can borrow based on your salary?
Regards
Shaun
Will be going to Oz once the Visa comes through (fingers crossed). With the sale of my UK house intend to buy house or plot in Oz (Sunshine Coast area), but may need to top up with a mortgage of some sort as will probably be a bit short of what we want to get.
How easy / difficult is it to get a mortgage on a Skilled Independant Visa? Are the rules the same as the UK? Do they calculate how much you can borrow based on your salary?
Regards
Shaun
Sep 15th 2005, 12:22 am
#3
Go the BNE Roar
Joined: May 2003
Location: Northside
Posts: 1,590
Re: Mortgage in Oz - How easy?
It also seems to help when you have a large deposit.
We got some strange looks when we first went asking for a mortgage (only been in a job a few weeks etc) but as soon as you mention a 6 figure deposit most of those barriers suddenly disappear as if by magic.
We got some strange looks when we first went asking for a mortgage (only been in a job a few weeks etc) but as soon as you mention a 6 figure deposit most of those barriers suddenly disappear as if by magic.
Originally Posted by Shaun&Dee
Hi
Will be going to Oz once the Visa comes through (fingers crossed). With the sale of my UK house intend to buy house or plot in Oz (Sunshine Coast area), but may need to top up with a mortgage of some sort as will probably be a bit short of what we want to get.
How easy / difficult is it to get a mortgage on a Skilled Independant Visa? Are the rules the same as the UK? Do they calculate how much you can borrow based on your salary?
Regards
Shaun
Will be going to Oz once the Visa comes through (fingers crossed). With the sale of my UK house intend to buy house or plot in Oz (Sunshine Coast area), but may need to top up with a mortgage of some sort as will probably be a bit short of what we want to get.
How easy / difficult is it to get a mortgage on a Skilled Independant Visa? Are the rules the same as the UK? Do they calculate how much you can borrow based on your salary?
Regards
Shaun
Sep 15th 2005, 6:42 am
#4
Account Closed
Joined: Aug 2005
Posts: 299
Re: Mortgage in Oz - How easy?
Originally Posted by TrickyTree
It also seems to help when you have a large deposit.
We got some strange looks when we first went asking for a mortgage (only been in a job a few weeks etc) but as soon as you mention a 6 figure deposit most of those barriers suddenly disappear as if by magic.
We got some strange looks when we first went asking for a mortgage (only been in a job a few weeks etc) but as soon as you mention a 6 figure deposit most of those barriers suddenly disappear as if by magic.
Sep 15th 2005, 11:29 am
#5
Just Joined
Joined: Jun 2004
Location: Isle of Wight
Posts: 6
Re: Mortgage in Oz - How easy?
Hi Shaun&Dee
We are waiting to go to Ormeau, south of Brisbane but can't sell our house! Now thinking of renting it out in desperation. This means like you we will need a mortgage and don't know how easy this will be. Does anyone know if UK income (ie from rent) can be considered against an Ozzie mortgage? We would have a deposit but don't know what work we might get. If we could use the £650 a month UK rental income, that might help get us started!
Regards.
We are waiting to go to Ormeau, south of Brisbane but can't sell our house! Now thinking of renting it out in desperation. This means like you we will need a mortgage and don't know how easy this will be. Does anyone know if UK income (ie from rent) can be considered against an Ozzie mortgage? We would have a deposit but don't know what work we might get. If we could use the £650 a month UK rental income, that might help get us started!
Regards.
Sep 15th 2005, 2:37 pm
#6
Formerly Windsurfer UK
Joined: Apr 2005
Location: Perth
Posts: 14
Re: Mortgage in Oz - How easy?
Originally Posted by Shaun&Dee
Hi
Will be going to Oz once the Visa comes through (fingers crossed). With the sale of my UK house intend to buy house or plot in Oz (Sunshine Coast area), but may need to top up with a mortgage of some sort as will probably be a bit short of what we want to get.
How easy / difficult is it to get a mortgage on a Skilled Independant Visa? Are the rules the same as the UK? Do they calculate how much you can borrow based on your salary?
Regards
Shaun
Will be going to Oz once the Visa comes through (fingers crossed). With the sale of my UK house intend to buy house or plot in Oz (Sunshine Coast area), but may need to top up with a mortgage of some sort as will probably be a bit short of what we want to get.
How easy / difficult is it to get a mortgage on a Skilled Independant Visa? Are the rules the same as the UK? Do they calculate how much you can borrow based on your salary?
Regards
Shaun
Regards windy
