Re: Need new mortgage for my UK property
 

hi,
We are about to be in the same position - Moving to Oz from UK in 6 months and would like to remortgage to a 2 year fixed before we do. Does anyone know of any banks that wouldnt let them switch over to buy to let from overseas?

Re: Need new mortgage for my UK property
 

I would recommend re-mortgaging and then applying for 'permission to let' before you left the UK. You can generally only do that once you've had the mortgage for a year though, so something to consider.

We did that with both HSBC and Woolwich and although they only gave permission for a year - we found they never followed up, and we kept on the residential, i.e. cheaper, rates. Which was fab.

We are so very very close to getting a re-mortgage with HSBC expat, 60% LTV, nearly GBP2k fee, 2.49% above base. But the amount of palavar we've gone through is incredible.
1. Open bank accounts, commit to keeping GBP60k in accounts at all times (not easy!)
2. Provide detailed accounting of all funds for all houses purchased ever (for us, two london flats and one house over a 15 year period) including who we were employed by and how we got the funds
3. Solicitor
4. Courier documents to and fro for 'wet' signings

So not 10%, not 50% required - but it's taken nearly 6 months to arrange (no joke)