TriciaBright

On 6/2/2017 at 21:24, Ken said:

If you're trying to find a lendor that will handle both remortgaging a house in Scotland and buying a house in Australia you're wasting your time. Even with HSBC it would be two completely separate transactions that just happen to have the same four initials on them. You need to first find a UK lendor that will remortgage a property for someone that doesn't live in the UK. Not an easy task. Skipton International (as mentioned by Cerberus) is one of the few that will do this.

You can then put the funds raised into an Australian bank account and go courting Australian lendors. An Australian broker may be help with finding you a mortgage for your Australian house but won't be able to help with remortgaging a UK property (in theory a UK broker may be help with the remortgaging but in reality most won't know what to do with a client from outside the UK).

 

Hi Ken, thanks. I was looking for a uk bank to help with the uk house remorgaging and then once funds released find an aussie bank to get a moprgage with.  The trouble is u have to be resident for the remorgaging to happen in the uk..Skipton suggested Bank of China, however they can;t help either.  Looks like its a no go for a deposit through remorgaging.

Hi, I own a property in Scotland and would like to remortgage to release some funds for a deposit for a house in Australia.  I am struggling to find a lendor. HSBC require you to have 60kgbp in bank first.  Has anyone found wome broker or bank that can help in this way.

love this to Marissa