Me and my girlfriend (Australian citizen) are currently living in the UK and have a mortgage. We are looking to move to Australia and when we do so renting out the property we both own in the UK.
My question is would mortgage companies in Australia look at this and think we have two mortgages to pay and reject us? Or would they not factor it into play as rent covers the mortgage even though it is “another mortgage”
furthermore I’ve read up about the tax threshold and know I’ll have to declare it on my AUS tax return and I’ll be WELL under the threshold.
if anyone can be of help that would be great! Thank you!
Will have a mortgage in the UK restrict me from getting a mortgage in AUS
in Renting & Real Estate
Posted
Me and my girlfriend (Australian citizen) are currently living in the UK and have a mortgage. We are looking to move to Australia and when we do so renting out the property we both own in the UK.
My question is would mortgage companies in Australia look at this and think we have two mortgages to pay and reject us? Or would they not factor it into play as rent covers the mortgage even though it is “another mortgage”
furthermore I’ve read up about the tax threshold and know I’ll have to declare it on my AUS tax return and I’ll be WELL under the threshold.
if anyone can be of help that would be great! Thank you!