US mortgage with a UK credit score
#31
DE-UK-NZ-IE-US... the TYP
Joined: Mar 2010
Posts: 2,855
Re: US mortgage with a UK credit score
Th utilities someone posted below below are way off for CT. The mix will really depend on what heating fuel you have between Electric, NG (Gas), LPG and Oil, we have a pretty average size 3 bed 2 bath and have gas heating and hot water and if you haveAC, electric is between $100-250 a month and gas between $60-250 a month, depending on size of house you are probably looking at an average $250-550 a month, our 12 month average s $296. Feb was highest around $350 and June/November lowest around $220.
We have 2 Japanese AWD cars, both were brought new mine is a 7 seater but unusable as such because of kids seats in the middle row, mine is 0% over 6 years at about $420 a month including a 10 year 100k warranty. The wife has the larger Subaru Accent with 3 rows, its a six seater as it has captains chairs so people can get in to the 3rd row. I think hers is maybe 1.9% over 6 years and $450 a month we put down maybe $10k on it.
I don't think you need to waste time interviewing 25 RE agents, they will all be falling over themselves to work with you. The seller pays the 5-6% commission, and seller agent will generally split it 50/50 with your buyers agent, if you don't have one they will keep it all for themselves. We used one who was a relation of a former-worker and friend. Because we had a 1-2h drive out and back she would preview some and then we would come at the weekend and look at 2-3 each time. The biggest thing that helps you save time is if they have a floor-plan in the pictures, you can spot a lot of issues there, with choppy / bad layouts and wasted space.
You can pretty much see all properties on Zillow.com, the RE agent will have their own platform and that can sometimes show a property a few days before it posts on Zillow. It took us nearly 2 years when we were moving out of the city to find and buy a house we could both agree on (and met my criteria on paper) there were others that we offered on, but emotion based buyers were willing to bid higher than the value I calculated for them so we lost them. On that was way overpriced came back 6 months later asking if we were still interested and ended up selling for less than we had offered.
We have 2 Japanese AWD cars, both were brought new mine is a 7 seater but unusable as such because of kids seats in the middle row, mine is 0% over 6 years at about $420 a month including a 10 year 100k warranty. The wife has the larger Subaru Accent with 3 rows, its a six seater as it has captains chairs so people can get in to the 3rd row. I think hers is maybe 1.9% over 6 years and $450 a month we put down maybe $10k on it.
I don't think you need to waste time interviewing 25 RE agents, they will all be falling over themselves to work with you. The seller pays the 5-6% commission, and seller agent will generally split it 50/50 with your buyers agent, if you don't have one they will keep it all for themselves. We used one who was a relation of a former-worker and friend. Because we had a 1-2h drive out and back she would preview some and then we would come at the weekend and look at 2-3 each time. The biggest thing that helps you save time is if they have a floor-plan in the pictures, you can spot a lot of issues there, with choppy / bad layouts and wasted space.
You can pretty much see all properties on Zillow.com, the RE agent will have their own platform and that can sometimes show a property a few days before it posts on Zillow. It took us nearly 2 years when we were moving out of the city to find and buy a house we could both agree on (and met my criteria on paper) there were others that we offered on, but emotion based buyers were willing to bid higher than the value I calculated for them so we lost them. On that was way overpriced came back 6 months later asking if we were still interested and ended up selling for less than we had offered.
#32
Re: US mortgage with a UK credit score
The entire New England area eats cars. Lots of snow and ice means lots of salt on the roads. Lots of salt = lots of rust. That's just my name for it though
My point is, look very carefully at cars more than a few years old. They might be cheaper, but it's for a reason. Here in GA, it's very very common to see old Civics, Accords and other well built cars on the road (I'k thinking cars that are 10-20 years old) because they are mechanically solid with some maintenance and don't rust. It's warmer, it's less humid, we don't get snow and ice that frequently.
Not so in NE.
I do endorse the earlier suggestion about renting first - at the very least, you have a chance to scout out the area and the schools better than when you're fresh of the boat.
My point is, look very carefully at cars more than a few years old. They might be cheaper, but it's for a reason. Here in GA, it's very very common to see old Civics, Accords and other well built cars on the road (I'k thinking cars that are 10-20 years old) because they are mechanically solid with some maintenance and don't rust. It's warmer, it's less humid, we don't get snow and ice that frequently.
Not so in NE.
I do endorse the earlier suggestion about renting first - at the very least, you have a chance to scout out the area and the schools better than when you're fresh of the boat.
#33
DE-UK-NZ-IE-US... the TYP
Joined: Mar 2010
Posts: 2,855
Re: US mortgage with a UK credit score
I think the stuff they use these days doesn't devour things the way it did once -- my OH's vehicle is 12 years old, my truck 10 years, and my ragtop 30 (though it stays home in the snow!). They are checked underneath regularly and we aren't about to go through the bottom . . .
#34
Forum Regular
Joined: Jul 2014
Location: Northern Atlanta area, GA
Posts: 243
Re: US mortgage with a UK credit score
img]https://i.imgur.com/D2j2Kz1.jpg
Th utilities someone posted below below are way off for CT. The mix will really depend on what heating fuel you have between Electric, NG (Gas), LPG and Oil, we have a pretty average size 3 bed 2 bath and have gas heating and hot water and if you haveAC, electric is between $100-250 a month and gas between $60-250 a month, depending on size of house you are probably looking at an average $250-550 a month, our 12 month average s $296. Feb was highest around $350 and June/November lowest around $220.
We interviewed three, and we chose one of those three. I was specifically looking to work with a realtor who buys and sells a lot of houses every month as they would have basically seen anything and everything that can go wrong with a real estate transaction and know how to deal with it. We had a great experience with our realtor and her office staff.
Last edited by cautiousjon; Mar 17th 2021 at 3:23 pm.
#35
Re: US mortgage with a UK credit score
This is a great point. I live in Georgia, which has a much milder climate
In the spring maybe. When it comes to the summer the AC is cranked 24/7 in the civilservant household
#36
Forum Regular
Joined: Jul 2014
Location: Northern Atlanta area, GA
Posts: 243
Re: US mortgage with a UK credit score
Haha, true. We moved to Georgia in late August so we haven't experienced the full brunt of summer yet. I don't like to feel hot, so we'll probably run our a/c 24/7 too.
#37
Re: US mortgage with a UK credit score
Th utilities someone posted below below are way off for CT. The mix will really depend on what heating fuel you have between Electric, NG (Gas), LPG and Oil, we have a pretty average size 3 bed 2 bath and have gas heating and hot water and if you haveAC, electric is between $100-250 a month and gas between $60-250 a month, depending on size of house you are probably looking at an average $250-550 a month, our 12 month average s $296. Feb was highest around $350 and June/November lowest around $220.
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#38
DE-UK-NZ-IE-US... the TYP
Joined: Mar 2010
Posts: 2,855
Re: US mortgage with a UK credit score
Their initial offer was to pay his UK salary in dollars (which we won’t accept as that’s mad). This works out somewhere between 325 and 375 usd but it’s relatively bonus heavy which I would guess doesn’t help with getting a mortgage. If there wasn’t a pandemic on I don’t think we would struggle but the pandemic has made rents go wild. I’m not sure how long it would actually take to get a visa either so we might not be able to go for ages and things might have calmed down by then. They will would pay for speedy processing (or whatever it’s called!) but I would guess it’s still a 6 month process?
Medical is covered in full - l don’t fully understand it but it’s a scheme that covers everything (Aetna) and then just in case something isn’t covered there is a secondary insurance that will cover it. US colleagues have said they have never had to pay anything towards anything medical. In the UK they pay for really really good medical (literally everything is covered, any hospital in the world, even our newspapers in hospital) but we pay through the nose in taxes for it, this year we paid a £4,500 tax bill for the insurance and we are all young and healthy. I understand that medical insurance is not taxed as a benefit-in-kind in the US so this would be good for us.
They’ve not mentioned holidays. Currently 25, I think the US is 20 plus 2 personal days. Not too different but we could probably quibble on it. But they will pay flights home each year. This is very much pitched as a “permanent move” not an expat stint. There is no end date and there is no parachute clause which is a big concern.
I work in the UK (actually as a civil servant, I noticed your handle ) but I think I would need to take some time off to settle the kids into school and the new country. I’m also not sure what kind of work there would be for someone like me, I’m fairly institutionalised now 😜 my salary is pretty small in comparison to my husband so the hit won’t be massive (especially considering childcare costs for 3 kids).
Medical is covered in full - l don’t fully understand it but it’s a scheme that covers everything (Aetna) and then just in case something isn’t covered there is a secondary insurance that will cover it. US colleagues have said they have never had to pay anything towards anything medical. In the UK they pay for really really good medical (literally everything is covered, any hospital in the world, even our newspapers in hospital) but we pay through the nose in taxes for it, this year we paid a £4,500 tax bill for the insurance and we are all young and healthy. I understand that medical insurance is not taxed as a benefit-in-kind in the US so this would be good for us.
They’ve not mentioned holidays. Currently 25, I think the US is 20 plus 2 personal days. Not too different but we could probably quibble on it. But they will pay flights home each year. This is very much pitched as a “permanent move” not an expat stint. There is no end date and there is no parachute clause which is a big concern.
I work in the UK (actually as a civil servant, I noticed your handle ) but I think I would need to take some time off to settle the kids into school and the new country. I’m also not sure what kind of work there would be for someone like me, I’m fairly institutionalised now 😜 my salary is pretty small in comparison to my husband so the hit won’t be massive (especially considering childcare costs for 3 kids).
CV19 aside an L1a can be filled premium, if the form has done them before and has all the company related paperwork and good lawyers you could get one done in a month or 2 if you pushed it (the long pole is often getting all the paperwork together). As an aside a EB1c Green card can be applied for totally independent of the L1a, so they could file the I140 at the same time as the L1a and no need to wait till you are here.
It will take you months to get an EAD and be able to work as an L2. One of the benefits of the US tax system is "joint filing" so you get a combined allowance so not working actually pays better than the cost of childcare in some cases.
#39
Forum Regular
Thread Starter
Joined: Aug 2020
Location: London
Posts: 34
Re: US mortgage with a UK credit score
For what I assume is finance / tech that seems like a pretty normal comp range.
CV19 aside an L1a can be filled premium, if the form has done them before and has all the company related paperwork and good lawyers you could get one done in a month or 2 if you pushed it (the long pole is often getting all the paperwork together). As an aside a EB1c Green card can be applied for totally independent of the L1a, so they could file the I140 at the same time as the L1a and no need to wait till you are here.
It will take you months to get an EAD and be able to work as an L2. One of the benefits of the US tax system is "joint filing" so you get a combined allowance so not working actually pays better than the cost of childcare in some cases.
CV19 aside an L1a can be filled premium, if the form has done them before and has all the company related paperwork and good lawyers you could get one done in a month or 2 if you pushed it (the long pole is often getting all the paperwork together). As an aside a EB1c Green card can be applied for totally independent of the L1a, so they could file the I140 at the same time as the L1a and no need to wait till you are here.
It will take you months to get an EAD and be able to work as an L2. One of the benefits of the US tax system is "joint filing" so you get a combined allowance so not working actually pays better than the cost of childcare in some cases.
#40
DE-UK-NZ-IE-US... the TYP
Joined: Mar 2010
Posts: 2,855
Re: US mortgage with a UK credit score
ahh that’s super helpful to know about the green card. Yes it’s finance/tech. They have an expensive lawyer who should be able to jump some hurdles, I know some employers worry that people will leave once they get the green card but he is not remotely interested in doing that. If he wanted to switch companies he would do that in the UK