cooperplace

has anyone experience with this? Australian SMSF rules typically seem to allow investment in real estate anywhere in the world, but a big issue as I see it is what type of trust would an SMSF be considered in the UK? Some trusts pay 20% tax, which you could live with, and others pay 45%, which you couldn't. I'm happy to be corrected! Any thoughts, anyone? And yes, I would get professional advice before committing to anything.

thank you

I lived in the UK for 4 yrs and bought a house there which I still own and rent out, and I have >20 yrs perfect management of the mortgage there. I'm an Aus citizen, my wife also and she has right of permanent UK residency. Her family all live in London. We would like to buy another buy to let in England, but cannot get a mortgage, despite much trying. Our house there is almost paid off and we would use it for security, so total LTV for a new loan would <50%. We are both employed professionals. The reason offered by most UK mortgage brokers is that Australian banking laws prevent UK banks lending to Oz residents. Does anyone know a UK lender who we should approach re a mortgage? Thanks.