Conniebygaslight Posted May 12, 2010 Share Posted May 12, 2010 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. Link to comment Share on other sites More sharing options...
SKW Posted May 13, 2010 Share Posted May 13, 2010 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. Hi Corina, Can you please advise how you go about getting this type of mortgage? We haven't got a mortgage here as we didn't want to transfer all our money over with such a bad exchange rate. We are however thinking of moving back as we haven't really settled here, the worry has been whether we would find work and where we would live. It would be great to know we had somewhere to go back too. Any advice would be greatly appreciated. Thanks, SKW Link to comment Share on other sites More sharing options...
eammon Posted May 13, 2010 Share Posted May 13, 2010 Hi Corina - could you give us some more info on an expat mortgage? I've never heard of them but like SKW, our money is still in the UK because of the poor exchange rate. Eammon is keen to buy something out here, so that our money is doing something, but I'm a bit apprehensive, because has you know, I'm finding it hard to settle and although I've agreed to give it two years, I'm a little scared of tying us down. One of my big worries though is if we do decide to go home and we haven't bought anything out here, if our money will have grown enough to enable us to get a property back in the UK Any info you (or anyone else) can share would be really useful. Denise xxx Link to comment Share on other sites More sharing options...
Conniebygaslight Posted May 13, 2010 Author Share Posted May 13, 2010 Hi Corina - could you give us some more info on an expat mortgage? I've never heard of them but like SKW, our money is still in the UK because of the poor exchange rate. Eammon is keen to buy something out here, so that our money is doing something, but I'm a bit apprehensive, because has you know, I'm finding it hard to settle and although I've agreed to give it two years, I'm a little scared of tying us down. One of my big worries though is if we do decide to go home and we haven't bought anything out here, if our money will have grown enough to enable us to get a property back in the UK Any info you (or anyone else) can share would be really useful. Denise xxx Hi SKW & Denise. Our money is still in a bank account in the UK- there is no way we would change it to AUD as we would lose a fortune- also we now know that we will not settle here after only 4 months- thank goodness we didn't buy and feel trapped. The mortgage guy in the UK we are using has asked me not to just publish his details as yet until he completes his first expat mortgage- it's all done through the Halifax and there is no problem but he doesn't want a huge deluge of expats contacting him just yet. I will be more than happy to PM you his details though. To give you an indication of what we have done/are doing. We are looking at returning end Sept so we want as low payments as possible until we return as we are paying rent here-therefore we have opted for an interest only mortgage which we will change when hubby has found work. The expat rates are slightly higher than standard but still very low. Expat mortgages are available whether you are returning or not and can prove your income and have a good credit rating in the UK etc. Denise, it's not for me to say but if you have money in the UK and want it to work for you, I don't get why changing it to AUD to buy here would help-surely you would only lose? unless you see the house of your dreams and intend to stay. People have told me that if I bought here instead of renting I may settle easier- I wont-although that may be the case for some. Link to comment Share on other sites More sharing options...
eammon Posted May 13, 2010 Share Posted May 13, 2010 Hi Corina - if you could pm his details that would be great, as I said we're not looking at going back for another two years if things don't work out, but it would be useful to have his details. A lot of people have told me you it helps you settle if you buy your own place, but I think if anything it might have the opposite effect on me. I can see what Eammon is saying in that our money isn't earning a great deal of interest sitting in the bank at home and so it won't be going up at the same rate as perhaps it would if we invested it into property, but I'm just so scared of tying us down although I know we could always sell. Thanks for your help and info xxx Link to comment Share on other sites More sharing options...
Conniebygaslight Posted May 13, 2010 Author Share Posted May 13, 2010 Hi Corina - if you could pm his details that would be great, as I said we're not looking at going back for another two years if things don't work out, but it would be useful to have his details. A lot of people have told me you it helps you settle if you buy your own place, but I think if anything it might have the opposite effect on me. I can see what Eammon is saying in that our money isn't earning a great deal of interest sitting in the bank at home and so it won't be going up at the same rate as perhaps it would if we invested it into property, but I'm just so scared of tying us down although I know we could always sell. Thanks for your help and info xxx Will do Denise- I understand you want your money to work for you as so do we but the xrate is diabolical at the moment-by changing it you'd lose anyway wouldn't you. We went mad looking to buy when we frst arrived. we then saw a plot of land that was beautiful and we could have bought it very easily and built a lovely home, all of a sudden there was a big 'NO' in my head....that's not gone away. I thought that I wouldn't buy a house in the UK in a place I didn't want to live so why do it here. Saying that I know lots of Brits do settle when they buy their own house so it's p to the individual. Will Pm you good luck with everything and no doubt we'll speak again xx Link to comment Share on other sites More sharing options...
eammon Posted May 13, 2010 Share Posted May 13, 2010 Thanks Corina - I'd be really grateful if you would pm me the details. That's what I keep thinking about the exchange rate - that we'll lose loads on it anyway, so would that might take away any profit (some of it at the very least) we might make if we buy a property over here. I'm not going to rush to do anything whilst the exchange rate stays as it is. I am sure we will speak again. I really hope you don't mind me picking your brains xxx Link to comment Share on other sites More sharing options...
Guest chloew Posted May 21, 2010 Share Posted May 21, 2010 Hello, just a few quick question. Is the ex-pat mortgage based on your Oz earnings and do you have to have a job organised in the UK? Thanks Chloe Link to comment Share on other sites More sharing options...
Conniebygaslight Posted May 21, 2010 Author Share Posted May 21, 2010 Hello, just a few quick question. Is the ex-pat mortgage based on your Oz earnings and do you have to have a job organised in the UK? Thanks Chloe Hi Chloe it's based upon a number of factors- your UK credit rating being important. Your Oz earnings, deposit etc are what they look into-it's got nothing to do with having a job organised in the UK as it's for expats and not necessarily expats who are returning. The thing it gives you is the opportunity to buy from over here and not have to wait until you get a job in the UK before you get a mortgage when you get home. Good Luck Link to comment Share on other sites More sharing options...
Guest nm123 Posted May 23, 2010 Share Posted May 23, 2010 Corina - please would you PM me the details too? Thanks! Link to comment Share on other sites More sharing options...
Guest wooders Posted May 25, 2010 Share Posted May 25, 2010 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. Hi CorinaMac I would really appreciate the details of the contact you have for an expat mortgage, we are interested in getting a property back in the Uk for a return in the future. Big thanks Kate Link to comment Share on other sites More sharing options...
SKW Posted May 26, 2010 Share Posted May 26, 2010 Hi SKW & Denise. Our money is still in a bank account in the UK- there is no way we would change it to AUD as we would lose a fortune- also we now know that we will not settle here after only 4 months- thank goodness we didn't buy and feel trapped. The mortgage guy in the UK we are using has asked me not to just publish his details as yet until he completes his first expat mortgage- it's all done through the Halifax and there is no problem but he doesn't want a huge deluge of expats contacting him just yet. I will be more than happy to PM you his details though. To give you an indication of what we have done/are doing. We are looking at returning end Sept so we want as low payments as possible until we return as we are paying rent here-therefore we have opted for an interest only mortgage which we will change when hubby has found work. The expat rates are slightly higher than standard but still very low. Expat mortgages are available whether you are returning or not and can prove your income and have a good credit rating in the UK etc. Denise, it's not for me to say but if you have money in the UK and want it to work for you, I don't get why changing it to AUD to buy here would help-surely you would only lose? unless you see the house of your dreams and intend to stay. People have told me that if I bought here instead of renting I may settle easier- I wont-although that may be the case for some. Hi Corina, Sorry for the dealy in replying I haven't been on here for a while. Would you be able to pm the details? Thanks I would really appreciate it. SKW Link to comment Share on other sites More sharing options...
Conniebygaslight Posted May 26, 2010 Author Share Posted May 26, 2010 Hi Corina, Sorry for the dealy in replying I haven't been on here for a while. Would you be able to pm the details? Thanks I would really appreciate it. SKW I can publicly give out his details mike46nixon@hotmail.co.uk He seems to deal with the Halifax & worth a call if you see a property you want to buy. Link to comment Share on other sites More sharing options...
Guest wooders Posted May 27, 2010 Share Posted May 27, 2010 I can publicly give out his details mike46nixon@hotmail.co.uk He seems to deal with the Halifax & worth a call if you see a property you want to buy. Hi Corina Can you tell me how you heard about this guy and was it a fairly simple process? I have emailed him and he replied advising he would make some inquiries and get back to me. Did you have to pay him a fee? Thanks for any information it's really useful as I have been wanting to go home for ages but am trapped by circumstances right now. Securing a property for a future return would make life better (for me anyway!) Link to comment Share on other sites More sharing options...
Conniebygaslight Posted May 27, 2010 Author Share Posted May 27, 2010 Hi Corina Can you tell me how you heard about this guy and was it a fairly simple process? I have emailed him and he replied advising he would make some inquiries and get back to me. Did you have to pay him a fee? Thanks for any information it's really useful as I have been wanting to go home for ages but am trapped by circumstances right now. Securing a property for a future return would make life better (for me anyway!) He was recommended through a friend- Certainly no fee for information. and his fees for the mortgage will be paid by the mortgage people- he is a normal mort advisor in the UK. There is another thread on here also about buying houses from Oz and there is a guy mentioned also. Good luck Link to comment Share on other sites More sharing options...
Guest wooders Posted May 27, 2010 Share Posted May 27, 2010 He was recommended through a friend- Certainly no fee for information. and his fees for the mortgage will be paid by the mortgage people- he is a normal mort advisor in the UK. There is another thread on here also about buying houses from Oz and there is a guy mentioned also. Good luck Thanks again for sharing this information. I'll also look at that other thread you mentioned. Kate Link to comment Share on other sites More sharing options...
Guest smarshall Posted August 19, 2010 Share Posted August 19, 2010 Most of the time, British Expat living and working outside of the UK or a Foreign National looking for UK or Overseas property is finding it difficult to identify right mortgage for them. As an Expat Mortgage Specialist in United Kingdom, I can lend some tips for your specific needs. Link to comment Share on other sites More sharing options...
Guest smarshall Posted September 9, 2010 Share Posted September 9, 2010 There are lots of issues when it comes to getting mortgage in UK. Still latest news which I have heard is encouraging for expats. Please follow the below link to read an article which give you a clear picture of current situation over there in UK: More than 50pc of large London properties bought by UK Expats & Foreign Buyers | Liquid Expat Mortgages Link to comment Share on other sites More sharing options...
Sherrie See Posted April 9, 2011 Share Posted April 9, 2011 Hi, If you're returning to the UK the choice of UK lenders will increase, as should the LTV. Many mainstream UK lenders willinsist on being resident the UK for 6 months plus, but some will consider lending for immediate purchase on your return. If you need more information please let me know. Link to comment Share on other sites More sharing options...
Guest my3152 Posted June 20, 2011 Share Posted June 20, 2011 Most of the time, British Expat living and working outside of the UK or a Foreign National looking for UK or Overseas property is finding it difficult to identify right mortgage for them. As an Expat Mortgage Specialist in United Kingdom, I can lend some tips for your specific needs. Am dual UK/AU citizen living in Oz and have some property here. I am interested in requirements for Expat Mortgage as I want to buy in UK. Do you have a contact email please? :biggrin: Link to comment Share on other sites More sharing options...
Guest my3152 Posted June 20, 2011 Share Posted June 20, 2011 I can publicly give out his details mike46nixon@hotmail.co.uk He seems to deal with the Halifax & worth a call if you see a property you want to buy. Hi, Have just joined forum and noted your mentioning guy who was helpiong you last year with home purchase (Expat Loan). How did the purchase go and how did you find him with regards to dealing with? :biggrin: Link to comment Share on other sites More sharing options...
Guest MonsterMunch Posted June 21, 2011 Share Posted June 21, 2011 Hi, If you're returning to the UK the choice of UK lenders will increase, as should the LTV. Many mainstream UK lenders willinsist on being resident the UK for 6 months plus, but some will consider lending for immediate purchase on your return. If you need more information please let me know. I'd be interested in this - I'm moving back late Aug and will be 6 months pregnant, so finding a place to live is top of our list and we'd prefer to buy rather than rent if possible..... Link to comment Share on other sites More sharing options...
Sherrie See Posted June 21, 2011 Share Posted June 21, 2011 Hi, no problem, I'll look at your expat mortgage options. Unfortunately I'm not allowed to post my email address here. All the very best with your pregnancy, I'll try to help as much as possible with your move! Sherrie See. I'd be interested in this - I'm moving back late Aug and will be 6 months pregnant, so finding a place to live is top of our list and we'd prefer to buy rather than rent if possible..... Link to comment Share on other sites More sharing options...
sharon h Posted June 22, 2011 Share Posted June 22, 2011 Is anybody in the UK offering 95% mortgages yet as we used all our equity settling in australia, and now have to start from scratch when we move to the UK in September. Link to comment Share on other sites More sharing options...
Guest my3152 Posted June 22, 2011 Share Posted June 22, 2011 Good luck with your move back to UK...........am envious :biggrin: Link to comment Share on other sites More sharing options...
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