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Hi everyone, not sure if this will be useful to anyone but if you are thinking of moving back to the UK/looking to invest in UK from Oz here are a few tips, cheers! Can I get a mortgage in the UK from overseas? (Answered) Today I thought we would look at the one of the most common things I get asked about, on a daily basis! Mortgages…. Can I get one? Is it difficult? I’m overseas and my bank in the UK told me to bu@@er off! What can I do? Can I re-mortgage? And more. What size deposit do I need? This is probably the bit that differs a little bit from someone living and working in the UK. Typically, lenders will ask for anywhere between 20 and 30% as a minimum deposit with the bulk of lenders becoming available when you have a 25% deposit. So, it is feasible, and that being said, if you do have a bigger deposit, always let us know, because it could mean lower rates. Or it could open up different lenders on the market that maybe have a more suitable product, but as a bare minimum, ideally 25% will give you access to the broadest range of lenders. Can I actually get a mortgage? Another common question I get is – “I went into Natwest over Christmas when I was at home and said I want to buy a house, and I'm now living overseas - can I get a mortgage? They said no, no way. Because you're overseas. Absolutely you can. If you are dealing with people that live or work in the UK, you just wouldn't usually use smaller banks or building societies and so you don't know as much about them. With access to over 35+ specialist lenders, 99.9% of my clients can attain a mortgage, its all about doing your due diligence and finding the right lenders. What documents do I need? The main documents that are required and of course this will be different for each person but the main ones are proof of name and address. That’s your passport and utility bill something like that, income, so payslips or if you're self employed, tax returns, bank statements and then proof of deposit and if it's a re-mortgage, then that one's irrelevant as your deposits in the property already. Don’t be surprised if they want more info, they will ask for up to six months worth of bank statements sometimes. So it's just worth being prepared. If you would like any more information on the above then please get in touch. Thanks, Bren

Hi everyone, not sure if this will be useful to anyone but if you are thinking of moving back to the UK/looking to invest in UK from Oz here are a few tips, cheers! Can I get a mortgage in the UK from overseas? (Answered) Today I thought we would look at the one of the most common things I get asked about, on a daily basis! Mortgages…. Can I get one? Is it difficult? I’m overseas and my bank in the UK told me to bu@@er off! What can I do? Can I re-mortgage? And more. What size deposit do I need? This is probably the bit that differs a little bit from someone living and working in the UK. Typically, lenders will ask for anywhere between 20 and 30% as a minimum deposit with the bulk of lenders becoming available when you have a 25% deposit. So, it is feasible, and that being said, if you do have a bigger deposit, always let us know, because it could mean lower rates. Or it could open up different lenders on the market that maybe have a more suitable product, but as a bare minimum, ideally 25% will give you access to the broadest range of lenders. Can I actually get a mortgage? Another common question I get is – “I went into Natwest over Christmas when I was at home and said I want to buy a house, and I'm now living overseas - can I get a mortgage? They said no, no way. Because you're overseas. Absolutely you can. If you are dealing with people that live or work in the UK, you just wouldn't usually use smaller banks or building societies and so you don't know as much about them. With access to over 35+ specialist lenders, 99.9% of my clients can attain a mortgage, its all about doing your due diligence and finding the right lenders. What documents do I need? The main documents that are required and of course this will be different for each person but the main ones are proof of name and address. That’s your passport and utility bill something like that, income, so payslips or if you're self employed, tax returns, bank statements and then proof of deposit and if it's a re-mortgage, then that one's irrelevant as your deposits in the property already. Don’t be surprised if they want more info, they will ask for up to six months worth of bank statements sometimes. So it's just worth being prepared. If you would like any more information on the above then please get in touch. Thanks, Bren

Hello We are thinking of putting on a First Home Buyers (Mortgage) Seminar as I know that there are still plenty of Poms coming to Adelaide and will of course be looking to buy their first home here at some point. We used to run these seminars regularly a few years ago and the feedback was very good. I am just trying to get some ideas on numbers and then if take up is good I will lock in a date, the venue is likely to be the Hallett Cove Civic Centre. It will be free to attend, no pressure purely informative and will provide information on the following: The buying process in SA; Costs involved in buying; The mortgage process in SA We have years of experience assisting in obtaining mortgages for first home buyers specifically Poms in this area so do feel that there could be value here for members wanting to understand how it all works. If you are interested then please either PM via here, reply to this thread or email me on Andrew@vistafs.com.au Cheers Andy

We are in the process of arranging an expat mortgage to enable to us to buy a property back in the UK in time for our return. The main reason for this is the security of already having a mortgage in place here and will give us breathing space until hubby finds work back home. We intend to change to a standard mortgage when we are up and running. Just wanted to let PIO members know they are available for investment or returnees or if anyone has experience of these they wanted to share. Thanks.

iM LOOKING AT GETTING A MORTGAGE IN Australia, but don't want to sell up in the UK YET. WHICH Australian lenders will lookat UK PROPERTIES. mANY THANKS

Hi How easy is it to get a mortgage as an immigrant with jobs? How much of a deposit do you typically need? How long do you need to be working for? Are there still grants available for first time buyers? Sorry for all the questions.

Hi everyone, Just wanted some idea of how the first time buyer mortgages work in australia. We will be renting to start with but hope to buy after a few years. We think that our budget would be $350,000 maximum, do banks offer deals with only a 5% deposit?? Hope someone may be able to shed any light on this. Many thanks

Hi all Like many of you on here, we have decided (after a recent trip back to the UK) that long term, Oz is not for us. In saying that we have a lot going on at the moment and are not looking at moving immediately- we are thinking more within the next 2-4years. I am from the Uk & my husband is Australian, and at the moment we do not own a house in either country (we rent), what I'm wondering is where to start with an Ex-Pat mortgage? The whole thing is a completely new concept to us, as we were thinking about maybe buying a house over there while we still lived here and renting it out until that date that we decided to move back. I have searched a few things on the net, but have come out with very limited amount of info. I just really wanted to know an info that anyone could provide us, e.g. deposits required, how payments are made, at this point anything would help Thankyou so much for anyone who can give us an insight into this, we really appreciate it :biggrin:

Hello Fellow Poms in Oz, I am anticipating a return to the UK, but wanting to buy a place there before we get back for us to move into. Does anyone have any advice on specialized Mortgages? both of our earnings are in dollars with Australian based firms. My understanding is that these types of mortgages do exist, but in truth I am not sure where start... Does anyone know anything about this type of thing? Thanks for your help!

Things might be changing. We have been offered a mortgage with HSBC with as little as only a 10% deposit. We are putting more down but I thought I would post that a 10% is possible. You need to pay a slightly higher rate though. You need at least 3 payslips and you need to be in full time work on a permanent contract. If you been out of the UK for longer than 12 months you won't get a mortgage until you;ve been back 12 months at least so renting is a good option. Another tip. Lots of houses up for sale and to rent. It's worth looking to see if you can rent a house that you might want to buy later. A good, fair offer is usually accepted and it saves you having to move twice!

Just wondered if anyone had any leads. We are heading back to England at the end of the year after 4 years here. We bought a house last year a buy to let got the mortgage no problem. We have now sold our house here and wanted to get another buy to let before heading back and we got refused another mortgage as the we weren't borrowing enough!! Does anyone know of any good mortgage brokers or anyone else got a mortgage before they left. I work for Queensland Health and have done for 3 and half years so got a good track record here. Cheers.

Hi, I am wondering if anyone on here is a financial buff and knows about Mortgages in the UK at the moment? This is our situation, we are moving back to the UK in 2 weeks time. We have found a house we love and we are lucky enough to have the cash to buy it outright, but this would leave us with no spare cash at all for living expenses until we get jobs. Now I was just wondering if there i anyway we could get a small home loan (maybe 20 grand) just so we have that buffer of cash until we get jobs. I know in the past you could 'self cert' yourself if you had a big enough deposit but I would be suprised if that is an option now. We would be able to afford the monthly repayment (just calculated it, its about 100 quid a month) but I realise it may be difficult getting a bank to lend us it at the moment.

Can any one shed any light on how long it takes for your credit rating to build up before the banks will look at you for mortgages and loans. I am selling my business in the uk and want to start another in oz but will probs need another business loan to achieve this. Will the banks take your uk history into account? Any info/advice welcome. John.

Hi there We are applying to move to Perth at present. Our plan would be to rent and then after the required time in employment we hope to buy. As we are still in the initial stages we haven't delved too deeply, but we really need some facts about buying property. Our main concern is - can we qualify for an Australian mortgage (what is the criteria, what history is needed - do they look at UK mortgages, etc) and when can we start applying. We are aware that there are various schemes for buyers - again we don't know if we would qualify - we would ideally like to buy a new build/build our own home. Any comments/suggestions/tips would be very much appreciated. Many thanks:smile:

Hi we are moving to melbourne in June time hopefuly! on a 121v permenent visa . We are wondering how long before we could get a mortgage ? We have some money to put down as deposit but not a great deal?? Help!! Louise and Nick

12 years ago when I last had a mortgage in the UK, Endowment policies were the way to go. However, if I remember correctly, last year things went pear shaped with those policies. Can anyone tell me if endowment policies are still risky, has something else taken their place or are they the best way to go to cover a UK mortgage? Thanks.

I sure there are more than a few here who still have property and or savings in the UK and will be reluctant to move any of those assets across to Aus due to the current exchange rates. I was given some information lately that you can park your money in a sterling account and use the this cash to raise a mortgage here, has anyone used this option and what are the positives and pitfalls, the obvious advantage to me is not having to exchange the cash in the current enviroment.

Hi I have noticed some posts earlier in the year discussing expat mortgages. We are hoping to move back to the UK in the next few months. Has anyone gone down this road and how easy did you find it. Any advice and pointers would be very much appreciated Thanks

Hi All, First time poster here, been reading the forum for some weeks now with great interest. I am lucky enough to have dual UK/Oz citizenship and will be moving to Sydney in the next few weeks permanently. I have secured a role paying circa $250k AUD and wanted to buy a property in the next 12 months in the $800k - $1mil range. However all my investments / money is in pounds and I want to give the exchange rate as much time to recover to the $2 mark as such would like to only put down a 10% deposit if these mortgages are available. having a quick look at the internet all offers seem to require a 20%+ deposit. Anyone have any awareness of different options for someone in my position? Many Thanks, J

Hi i have just been told that its almost impossible to get a mortgage on 475 temp Visa even though we got $90000 deposit. Im confident the info is correct just wanted confirmation and any tips etc. Cheers Pez

To all the people who have gone to Australia, those who have got a mortgage, what sort of deal did you get?

hi im in sydney and starting to look for a mortgage i have spoken to rams and my bank but they only sell thier own products can anyone recommend an independent mortgage broker who sells more than one product . Cheers Tom

Hello all, Just looking for a little help! We were told today that mortgage companies veiw you differently on a 176 visa as you are not a permanent resident for 2 years after arriving, but on a 175 visa, you classed as a permenant resident therefore getting better deals, also, has anyone got a mortgage on a 176 visa, and was it a hard process?? Look forward to hearing from you, many thanks. TRA formed sent off friday just gone!

Hi there.. just a quickie about mortgage offers. Out of interest, what is the average that the banks will lend in Oz in relation to your salary? Is it 2 or 3 times your salary for instance? Thanks for your advice ....

Hi All If ever we do manage to see our house in the UK, :wacko: I would really appreciate any advice about the mortgage process here in Oz, how does it differ from the UK and so on. Also, if anyone knows of a trustworthy mortgage broker in the Northern Brisbane area (we're on Bribie!) I would be most grateful as I'd like to use someone on personal recommendation. Many thanks Sue x