mortgages for immigrants
 

who had trouble getting a mortgage when they first got there from uk.
we are putting 20% down and will have the first 4 years paymens in the bank, how good are theyat this, hsbc international in london said there shouldn´t be a problem but what are other peoples experiences.

You should have no problem, providing you have a job. They may however require a 25% deposit.

This site will tell you most of what you need to know.
http://www.cmhc-schl.gc.ca/en/bureho/buho/index.cfm

we were only rejected by cibc who told us that they never lend money to immigrants. five minutes earlier they were trying to give us a VIP account! but we were offered mortgages from at least 4 others.

and was the offers when you got there straight away, and how much deposit did they want

we got the offers straight away, it really didn't take long either. we opted to put down 25% but i don't think it was essential.

i should mention, we are not landed either, just on temp. work visas. so if they will give us a mortgage then i'm sure others won't have a problem. we did have a credit history here as we'd lived here before. i don't really think that made any difference but i can't be sure!

you can also assume other peoples' mortgages when buying a house (only if the seller wants to). i believe they are easier to get.

One of the best mortgage rates are offered by ING. I have a 1 year closed mort of 3.55%.
http://www.ingdirect.ca/en/