Geege

Expat Mortgages - a solution?

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Geege    0

Hi, have been talking to expat-mortgages.co.uk and they seem to have found us a bank in the UK who can provide a sharia mortgage at good rates for us to use as a deposit on a house down here in Aus.

They've been very friendly, responsive and quick in their work and seem to have come up with a solution to our deposit problem but I'm wanting to know if anyone has had dealings with them before as I only know them through their website and a voice on the phone.

Thanks

Geege

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Moneycorp

Moneycorp

Cerberus1    3,266

Well, looking at the Total exemption full accounts they filed with companies house last year, the Net current (liabilities)/assets were (£3,079). For a company dealing in financial advice, that personally wouldn't fill me with confidence.

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Gaskit    10

I wondered if you proceeded with your mortgage application?  I've also been going through the same process and had an offer from a Shariah bank.  I'm guessing it was Al Rayan ?  For ethical reasons I wasn't keen so decided to go to another lender - an off-shore branch of one of UK's big banks.  It proved to be a long drawn out process that ultimately got me nowhere.  After having initial approval my application was declined when they found the property used to be my home.  This has left me back at square one and looking back at Al Rayan.  Thanks to the Australian Corporate Governance Act there are so few UK lenders willing to lend to AU residents these days.  I'd be interested to know if you followed through with your Shariah lender or found another option? 

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Geege    0

Hi, we decided against it in the end for similar reasons to yourself. I'm still trying to find other routes and am planning to make a couple of calls to banks tomorrow. Might be worth keeping in touch to swap experiences. Does this forum have messaging?


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