Returning to Uk

Old Jan 20th 2024, 2:44 am
  #1  
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Default Returning to Uk

Hi there just wondering if anyone had any info on returning to Uk after years away and being able to purchase a house? We can stay at my partners parents for a while and will have a decent deposit size, he’s self employed and I’m full time mum to our toddler and pregnant with our second so won’t be working. We could possibly cash buy if we go for a cheaper house but would prefer to keep a bit of money but don’t want to house jump from staying with family to renting to buying if we can help it, as want to keep it as least disruptive for our toddler as possible
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Old Jan 20th 2024, 8:12 am
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Default Re: Returning to Uk

I bought a house in the UK a couple of years ago, thinking we would move back after 25 years abroad. But we still haven’t made the move and I don’t know if we ever will. We paid cash and the process was very simple. Is there anything specific you want to know?
What’s your plan? Move in with the in-laws, look at what’s available for the cash you have and - if you don’t see anything you like within that price range - take out a mortgage based on your husband’s earnings?
Sounds fair enough to me. Don’t know how long he would need to be self-employed in the UK with proof of earnings for a bank to give you a mortgage. Have you approached any banks yet?
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Old Jan 20th 2024, 9:55 am
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Default Re: Returning to Uk

Our daughter, son and ourselves have all moved back to the UK over the last 8 years and all bought houses in the same town, but with cash from the sale of our homes in the USA. It was all pretty routine. We moved back first and rented for a few months while we decided exactly where to buy. Our son and daughter moved in with us (a few years apart) and lived with us for no more than 3 or 4 months while they bought a house.

I really don’t know about how long it would have taken if they needed a mortgage particularly since they did not have a credit record at all here.
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Old Jan 21st 2024, 5:39 am
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Default Re: Returning to Uk

Originally Posted by Helen1964
I bought a house in the UK a couple of years ago, thinking we would move back after 25 years abroad. But we still haven’t made the move and I don’t know if we ever will. We paid cash and the process was very simple. Is there anything specific you want to know?
What’s your plan? Move in with the in-laws, look at what’s available for the cash you have and - if you don’t see anything you like within that price range - take out a mortgage based on your husband’s earnings?
Sounds fair enough to me. Don’t know how long he would need to be self-employed in the UK with proof of earnings for a bank to give you a mortgage. Have you approached any banks yet?
Hi thanks for the reply. No haven’t talked to any banks about mortgages yet, we only just fully made the decision we’re moving this weekend so still very much in the planning stages. On my to do list is try and contact a mortgage broker in the Uk to find out more info
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