em2505

We had this situation just recently- it's been a nightmare and if we'd known how hard it would be to get a mortgage/remortgage when earning in AUD we would have sorted a much longer fixed rate deal whilst in the UK. For some reason, there are VERY few lenders willing to lend to expats living in australia due to some strict financial conduct rules imposed by the aus govt on banks etc. We spoke to 5 brokers- there were only two lenders willing to give us a mortgage, at much higher interest rates and with extortionate fees. The only option is a buy to let offshore expat mortgage if you've already left the UK.