Rich in Perth

Thanks Fisher

I think I've found a broker who will do this. There are some products out there but very few which is irritating!

Hi Rich

 

Sorry to pour cold water on your idea but dont get your hopes up! I lived in Belgium for years, and tried on many occasions to get a mortgage out of a UK bank for a UK property. Given that I was seconded by a UK govt. department during this time and had a regular salary paid into a UK bank account, I was aghast when I found out that nobody seemed prepared to give me a mortgage. This was at a time when banks were handing out mortgages to all and sundry on the flimsiest evidence (in some cases) of income. We were even turned down when we had a 60% deposit!

 

If you are serious about it, the only route I can suggest is through a mortgage broker who specialises in expat mortgages. (I did know someone who actually managed to get a mortgage on a property in the UK but am unsure what sort of guarantees they provided.) If you use a broker it will cost you a couple of hundred pounds, but they are best placed to find their way through the current minefield and also will be able to tell you fairly quickly if it is hopeless. Good luck!

Hi guys

In short it will take me until about about age 239 to save enough for a house in Perth, so I'm looking to buy in the UK as an investment for now.

Trying to get a mortgage is proving an absolute nightmare, just because there seem to be no products at all available.

Can anyone recommend any building society or bank who do a mortgage for UK properties on a buy to let basis for people living in Australia (in particular if you've done it yourself)?

Cheers

Rich