Renting and Buying

[Stephen8986]

Hi all!

 

Going through the process of applying for my 190 visa, when I move I plan to rent my flat out and was just wondering if trying to buy/build in Perth will be affected by the fact I have a mortgage back here? I have been told it shouldnt however just want to double check. Can anyone help??

[StraighttothePoint]

Hi all!

 

Going through the process of applying for my 190 visa, when I move I plan to rent my flat out and was just wondering if trying to buy/build in Perth will be affected by the fact I have a mortgage back here? I have been told it shouldnt however just want to double check. Can anyone help??

 

A few threads from last week maybe worth reading http://www.perthpoms.com/forum/money-finance/11134-getting-mortgage-no-credit-history.html , http://www.perthpoms.com/forum/news-gossip/11094-renting-house-back-uk.html and http://www.perthpoms.com/forum/renting-real-estate/11000-selling-renting-house-uk-while-living-oz.html#post59802

 

Bottom line on reading these looks like if you are going to be registered here for tax purposes then there are implications in terms of a few issues relating to income derived anywhere in the world and also there is a few in there that any mortgage payments in the UK would be a factor. I suppose the devil is in the detail and would relate to the overall figures you are talking about, e.g. mortgage amount in UK, job here and income, level of debt required and so on.

 

Hopefully a Perth based financial services site member may come along and comment / clarify for you.

Edited April 24, 2013 by StraighttothePoint

[Stephen8986]

Thanks alot for this, was a big help