mortgages..
#1
mortgages..
Mortgages ! we all hate them!! and would certainly like to once
and for all see the back of them!! One of factors that came into
play when we first thought of emigrating to NZ.
My question to to fellow members out there is ....
We may not quite be able to afford what property we would
really like , we would though (hopefully)have a large partdownpayment for it. Can we have a small mortgage soon after we have arrived or do we have to wait untill I have settled (hopefully!) in my job before a NZ bank would consider ? Obviously we dont want one at all , but we are not absolutely sure how much money we will have after paying bills fees, exchange rates , house market ect..........Some people think we
are mad to even think of emigrating , let alone actually start the
process! Such is life!!
and for all see the back of them!! One of factors that came into
play when we first thought of emigrating to NZ.
My question to to fellow members out there is ....
We may not quite be able to afford what property we would
really like , we would though (hopefully)have a large partdownpayment for it. Can we have a small mortgage soon after we have arrived or do we have to wait untill I have settled (hopefully!) in my job before a NZ bank would consider ? Obviously we dont want one at all , but we are not absolutely sure how much money we will have after paying bills fees, exchange rates , house market ect..........Some people think we
are mad to even think of emigrating , let alone actually start the
process! Such is life!!
#3
BE Enthusiast
Joined: Mar 2003
Posts: 730
Re: mortgages..
Hi, haven't done it yet but it looks like no problem. Have a look at http://www.nationalbank.co.nz/person.../residents.htm seem to be geared up for new residents.
Gra...
Gra...
#4
Forum Regular
Joined: May 2003
Location: South Shields, UK
Posts: 73
I'm also intertested in this for Australia, thinking about around the Melbourne / Perth area. Anyone have any links/suggestions?
Marcus
Marcus
#5
Forum Regular
Joined: Apr 2003
Location: Byron Bay, NSW
Posts: 145
I opened a savings account with HSBC in Perth with a view to transferring some money later. A couple of weeks afterwards I went in and asked if I could have a bridging loan so I could buy a house in Perth before I sold my own house in the UK.
The guy said, no worries - he didn't have any references to check but he did want a mortage on the place I was buying.
The guy said, no worries - he didn't have any references to check but he did want a mortage on the place I was buying.
#6
Forum Regular
Joined: Mar 2003
Posts: 97
Did you open your HSBC account in the UK?, I'm going over next year ( received visa last week!) and would like to do something similar. If the exchange rate ever gets back up.
Perth Aug 2004
Perth Aug 2004
#7
Forum Regular
Joined: Apr 2003
Location: Byron Bay, NSW
Posts: 145
Originally posted by GengaKev
Did you open your HSBC account in the UK?, I'm going over next year ( received visa last week!) and would like to do something similar. If the exchange rate ever gets back up.
Perth Aug 2004
Did you open your HSBC account in the UK?, I'm going over next year ( received visa last week!) and would like to do something similar. If the exchange rate ever gets back up.
Perth Aug 2004
#8
Banned
Joined: Aug 2002
Posts: 7,613
Re: mortgages..
Originally posted by Thomas Family
Mortgages ! we all hate them!! and would certainly like to once
and for all see the back of them!! One of factors that came into
play when we first thought of emigrating to NZ.
My question to to fellow members out there is ....
We may not quite be able to afford what property we would
really like , we would though (hopefully)have a large partdownpayment for it. Can we have a small mortgage soon after we have arrived or do we have to wait untill I have settled (hopefully!) in my job before a NZ bank would consider ? Obviously we dont want one at all , but we are not absolutely sure how much money we will have after paying bills fees, exchange rates , house market ect..........Some people think we
are mad to even think of emigrating , let alone actually start the
process! Such is life!!
Mortgages ! we all hate them!! and would certainly like to once
and for all see the back of them!! One of factors that came into
play when we first thought of emigrating to NZ.
My question to to fellow members out there is ....
We may not quite be able to afford what property we would
really like , we would though (hopefully)have a large partdownpayment for it. Can we have a small mortgage soon after we have arrived or do we have to wait untill I have settled (hopefully!) in my job before a NZ bank would consider ? Obviously we dont want one at all , but we are not absolutely sure how much money we will have after paying bills fees, exchange rates , house market ect..........Some people think we
are mad to even think of emigrating , let alone actually start the
process! Such is life!!
Cheers - Don
#9
Thanks pleasancefamily for the reply , the bank/mortgage system does seem to work very different to the UK. We dont really want
new debt starting a new life ,but if it is of only a small amount, and would mean a better quality of life ,then it is a small price to pay. We hopefully may not need loans yet but we are looking at every angle!
new debt starting a new life ,but if it is of only a small amount, and would mean a better quality of life ,then it is a small price to pay. We hopefully may not need loans yet but we are looking at every angle!