JAK Posted April 18, 2012 Report Share Posted April 18, 2012 Thought this would be straightforward but no. OH has made a few phone calls today to apply for a buy to let or interest only mortgage on our UK property and no-one is interested. The mortgage is only a quarter of the houses value so not a huge amount. They don't want to lend to someone who is emigrating. How did others manage to get mortgages to allow them to rent properties, did they not tell the truth when applying? Is anyone else having similar problems or if not who are you getting your mortgages with? Any help or advice would be very greatfully received we are hoping to move June/July this year! Quote Link to comment Share on other sites More sharing options...
phil Posted April 19, 2012 Report Share Posted April 19, 2012 We just told our lender we were emigrating. Had to pay some kind of ridiculous admin fee to get their permission. If you are "hoping" to move could you not apply for a mortgage and once it's in place you may then "decide" to move to Australia. If you get my drift. Quote Link to comment Share on other sites More sharing options...
JAK Posted April 19, 2012 Author Report Share Posted April 19, 2012 Thanks for your reply. Yes get your 'drift' Phil we are beginning to think we may have to something like that We have been searching on the internet and found some companies that arrange mortgages for expats so going to get in touch with them and see what they have to say. Quote Link to comment Share on other sites More sharing options...
Guest Topcat Posted April 29, 2012 Report Share Posted April 29, 2012 We had to pay an 'admin fee' and an extra 0.5% on the interest rate because we were renting our UK property when we emigrated! Quote Link to comment Share on other sites More sharing options...
Dazling Daz Posted April 29, 2012 Report Share Posted April 29, 2012 We had to pay an 'admin fee' and an extra 0.5% on the interest rate because we were renting our UK property when we emigrated! Hi Topcat Who was your mortgage with if you don't mind me asking? Kind Regards Daz Quote Link to comment Share on other sites More sharing options...
s3maxx Posted April 29, 2012 Report Share Posted April 29, 2012 Hi, Woolwich/Barclays mortgage allows you to let your property for 2 years at the same rate but you need to get their permission. Quote Link to comment Share on other sites More sharing options...
Guest Topcat Posted April 30, 2012 Report Share Posted April 30, 2012 Hi Topcat Who was your mortgage with if you don't mind me asking? Kind Regards Daz Daz We are with Nationwide. Quote Link to comment Share on other sites More sharing options...
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