Guest DebsnGaz Posted September 29, 2010 Hi I wondered if anyone can help we currently are renting out our family home in the Uk and have quite some equity which we would like to release but our current mortgage lender says unless wages are being paid into a Uk account then they will not remortgage? Is this the rule for all lenders ? If not, we are in a position to change mortgage providers so can anyone recommend a company that would enable us to do this. Thank you Debs and Gaz Share this post Link to post Share on other sites
Guest SharkBay Posted October 22, 2010 Hi We are in the same position as our lender won't offer us a buy to let mortgage so we will have to remortgage to release equity. I have spoken to Birmingham Midshires who came out well in What Mortgage and to set up an expat mortgage you have to earn over 25,000 GBP and own a house in the UK. In our case the interest rate will ramp up quite considerably from our current rate. The question I need answering is if we take this path will we be taxed on the money we then consequently bring into Australia. Regards SharkBay Share this post Link to post Share on other sites
