First time buyers

laura_barrett · 26-06-2007, 04:59 PM

Hi,

My b/f and myself are looking at making the move to oz in april 08 but i will be on a working holiday visa for a year before my b/f can sponsor me for 2 year before I can become a prem res! (because were not living together in the uk)

What do we about buying a house?? Can we not both buy together till i am a prem res??

Please Help!!!

BullcreekBob · 08-07-2007, 02:54 PM

G'day

You can buy a house with your boyfriend before you become a permanent resident.

laura_barrett · 08-07-2007, 05:58 PM

Thanks Bob how soon do you think we could by one?? Somebody told us tht I could not by untill i was a perm resisdent and obviously my b/f cld not afford a morage on his own???

BullcreekBob · 10-07-2007, 09:58 AM

Quote:

Originally Posted by laura_barrett

Thanks Bob how soon do you think we could by one?? Somebody told us tht I could not by untill i was a perm resisdent and obviously my b/f cld not afford a morage on his own???

G'day

You can apply for a mortgages as soon as you can demonstrate that you earn enough to pay your tax, pay your bills and have enough left over to pay the mortgage.

Laura G · 12-07-2007, 04:31 AM

Hi Laura,

I bought land before I had any visa, I arranged my mortgage through an Australian bank as an investor, I had my mortgage based and approved on my English salary, all I had to do was fill out a form (FIRB Approval) through my Australian solicitor and all went through as normal. Usually as an investor you can pay an extra 0.25% on your mortgage, but once you have PR and have been working and can prove payslips you can just change mortgage provider.

Laura
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