mel73 Posted May 22, 2017 Share Posted May 22, 2017 Hi, I'm a resident trying to remortgage my property back in the UK which I almost entirely own. My also rent my property out. Can anyone offer some advice or put me in touch with someone that deals in this area? Hope someone can help! Quote Link to comment Share on other sites More sharing options...
Cerberus1 Posted May 22, 2017 Share Posted May 22, 2017 Hi, Various UK banks & building societies have off-shore divisions which offer expat mortgages / remortgages / buy to let etc. Skipton do - https://www.skiptoninternational.com/mortgages/expat along with HSBC and others. Quote Link to comment Share on other sites More sharing options...
mel73 Posted May 23, 2017 Author Share Posted May 23, 2017 Hi, don't think I came across too clear. I'm looking to purchase here in Australia and wish to remortgage my home back in the UK to get me sufficient funds to purchase here! 1 Quote Link to comment Share on other sites More sharing options...
TriciaBright Posted May 31, 2017 Share Posted May 31, 2017 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. Quote Link to comment Share on other sites More sharing options...
leeeekiat Posted June 2, 2017 Share Posted June 2, 2017 Hi, Purchased a house in Perth whilst still in London with NAB. Quote Link to comment Share on other sites More sharing options...
Ken Posted June 2, 2017 Share Posted June 2, 2017 On 1/06/2017 at 09:27, TriciaBright said: 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. 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). 1 Quote Link to comment Share on other sites More sharing options...
JoeyJ Posted June 13, 2017 Share Posted June 13, 2017 Hi, wondering if you had any luck finding anyone who can help? We are in the same situation - trying to sell our house in the UK but no luck. Need to release some funds to be able to use as a deposit but not sure where to start. Thanks Jo Quote Link to comment Share on other sites More sharing options...
leeeekiat Posted June 14, 2017 Share Posted June 14, 2017 Hi Just remortgage your UK house with any UK bank to release equity, then apply for a mortgage with an Australian bank when you have the deposit? Unless i am missing something here.. Quote Link to comment Share on other sites More sharing options...
Ken Posted June 15, 2017 Share Posted June 15, 2017 22 hours ago, leeeekiat said: Hi Just remortgage your UK house with any UK bank to release equity, then apply for a mortgage with an Australian bank when you have the deposit? Unless i am missing something here.. Only that UK banks won't give mortgages to people who live in Australia (with perhaps the exception of a few expat banks - usually offshore in the Channel Islands or similar). Quote Link to comment Share on other sites More sharing options...
TriciaBright Posted June 20, 2017 Share Posted June 20, 2017 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. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.