Housing...Rent? Mortgage?
Jan 1st 2019, 5:48 pm
#1
Forum Regular
Thread Starter
Joined: Oct 2018
Posts: 58
Housing...Rent? Mortgage?
Hello and Happy New Year!
Apologies if this question has been asked recently, searched the forum and couldn’t see anything recently related. Lots of questions now that we have decided to move back to UK.
I’ve heard that it will be difficult, if not, impossible to get a mortgage in UK right away, and that even renting could be a problem? What are others experiences with this situation? We do not have jobs lined up at the moment, but have financials that would allow us to rent for awhile. But obviously we are hoping the jobs do get lined up fairly quickly.
thank you!
Apologies if this question has been asked recently, searched the forum and couldn’t see anything recently related. Lots of questions now that we have decided to move back to UK.
I’ve heard that it will be difficult, if not, impossible to get a mortgage in UK right away, and that even renting could be a problem? What are others experiences with this situation? We do not have jobs lined up at the moment, but have financials that would allow us to rent for awhile. But obviously we are hoping the jobs do get lined up fairly quickly.
thank you!
Jan 1st 2019, 10:25 pm
#2
Just Joined
Joined: Jan 2019
Posts: 7
Re: Housing...Rent? Mortgage?
AirBNB can be a possible option to have temporary housing until you find an alternative.
Jan 2nd 2019, 4:16 pm
#3
BE Forum Addict
Joined: Nov 2011
Location: Was Virginia, now Yorkshire.
Posts: 2,333
Re: Housing...Rent? Mortgage?
Hello and Happy New Year!
Apologies if this question has been asked recently, searched the forum and couldn’t see anything recently related. Lots of questions now that we have decided to move back to UK.
I’ve heard that it will be difficult, if not, impossible to get a mortgage in UK right away, and that even renting could be a problem? What are others experiences with this situation? We do not have jobs lined up at the moment, but have financials that would allow us to rent for awhile. But obviously we are hoping the jobs do get lined up fairly quickly.
thank you!
Apologies if this question has been asked recently, searched the forum and couldn’t see anything recently related. Lots of questions now that we have decided to move back to UK.
I’ve heard that it will be difficult, if not, impossible to get a mortgage in UK right away, and that even renting could be a problem? What are others experiences with this situation? We do not have jobs lined up at the moment, but have financials that would allow us to rent for awhile. But obviously we are hoping the jobs do get lined up fairly quickly.
thank you!
For renting, generally being able to demonstrate that you have the money in the bank to pay rent over the course of the tenancy and/or someone willing to stand guarantor and/or good references, even from abroad and/or being prepared to pay a larger deposit will all help. Google the rental agencies in your area and avoid the worst ones.
For mortgages, once you have jobs and are more settled - brokers are making a comeback and using a reputable one may be easier than approaching lenders directly as they will be able to advise on which lenders accept borrowers in your situation and which are the best deals.
Jan 2nd 2019, 5:56 pm
#4
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,131
Re: Housing...Rent? Mortgage?
We used Rightmove.com to find rental places. After proving we had the ability to pay we had to pay 6 months up front for our rental house.
Jan 2nd 2019, 6:20 pm
#5
Democracy advocate
Joined: Mar 2006
Posts: 12,460
Re: Housing...Rent? Mortgage?
6 months rent in advance if the credit history is missing.
Jan 2nd 2019, 11:54 pm
#6
Forum Regular
Thread Starter
Joined: Oct 2018
Posts: 58
Re: Housing...Rent? Mortgage?
Thank you for your responses! We spoke with an estate agent today who mentioned the 6 month route
