funds

Old Sep 9th 2005, 7:34 am
  #1  
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Default funds

Hi

I have enough equity in my house to pass the requirements for funds, but do I have to take into account a personal loan(for a car) I have now, hopefully it will be paid off when we leave(providing we get a visa).
Also I want to buy a house in Canada now, so I might have to take out a loan in this country to help pay the down payment on a mortgage in Canada. Would I be able to leave this loan running in the UK if we moved to Canada permanently or would all outstanding debts have to be paid off before we leave.

Thanks
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Old Sep 9th 2005, 9:17 am
  #2  
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Default Re: funds

Originally Posted by philliz
Hi

I have enough equity in my house to pass the requirements for funds, but do I have to take into account a personal loan(for a car) I have now, hopefully it will be paid off when we leave(providing we get a visa).
Also I want to buy a house in Canada now, so I might have to take out a loan in this country to help pay the down payment on a mortgage in Canada. Would I be able to leave this loan running in the UK if we moved to Canada permanently or would all outstanding debts have to be paid off before we leave.

Thanks
Not necessarily; you can still have the loan running while you are in Canada, provided you are paying it regularly!!
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