Hi all,
those that have met me on here already may know that I am from the UK having been here just three years. My first PPOR which is now my only IP is still in the UK and is doing very nicely for me and has a nice chunk of equity too.
I recently re mortgaged that house from here to help out with a deposit for my first PPOR in Australia which, fingers crossed, settles tomorrow and we will move into it on Thursday after I am back from working away.
The mortgage in the UK was not easy to obtain now that I live here but it was possible and I know it is not uncommon for expats to gain mortgages there.
After listening to a UK property podcast for a while now, I see that the UK market does not support negative gearing as the losses are not tax deductible against your earnings form your job and owning property there with a buy and hold strategy is almost always positively geared. knowing this has made me think about buying my next IP there rather than here so I would like to know if anyone on here has experience with that and could advise at all on a broker to help with a mortgage or any other tips and advice.
I guess my question is, is there anyone on here who does the same as I would like to do and can help me at all?
Hoping someone can help or point me towards someone who can.
Thanks
Paul
those that have met me on here already may know that I am from the UK having been here just three years. My first PPOR which is now my only IP is still in the UK and is doing very nicely for me and has a nice chunk of equity too.
I recently re mortgaged that house from here to help out with a deposit for my first PPOR in Australia which, fingers crossed, settles tomorrow and we will move into it on Thursday after I am back from working away.
The mortgage in the UK was not easy to obtain now that I live here but it was possible and I know it is not uncommon for expats to gain mortgages there.
After listening to a UK property podcast for a while now, I see that the UK market does not support negative gearing as the losses are not tax deductible against your earnings form your job and owning property there with a buy and hold strategy is almost always positively geared. knowing this has made me think about buying my next IP there rather than here so I would like to know if anyone on here has experience with that and could advise at all on a broker to help with a mortgage or any other tips and advice.
I guess my question is, is there anyone on here who does the same as I would like to do and can help me at all?
Hoping someone can help or point me towards someone who can.
Thanks
Paul