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457 visa - Debts in uk


bowdonius

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Hi

Im due to move to townsville on a four year 457 visa- I have a house in UK which i will rent plus a few debts in uk I can t pay them off , any ideas... ! ?

 

Will transfer money back each month but could cost more if exchange rate goes up.

 

Can i get a loan in oz on a 457 ?

 

 

cheers

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  • 2 weeks later...
Guest The Pom Queen

Hi

If you are renting your house out in the UK, could you not have this money transfered to a UK bank account and then use this to pay the debts? It saves you loosing out on the exchange rate moving the money here to send it back, just a thought:)

Loans are possible on a 457 but it is subject to certain criteria

Kate

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