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Kieran White

Purchase of House

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Hi All,

My wife and I have not long moved to WA (around 7 months ago), We have began the process of shopping for a house.

We are both UK nationals with history investment properties in the UK, does anyone know what financial record we will have to show for a mortgage (e.g. in the UK it's three years of accounts or payslips)?

Any recommendations of banks would be welcome too.

Thanks.

Kieran

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As new migrants we needed a letter from our employers stating we were employed and what our annual salary was.  We also produced a bank statement to show our funds/savings.  We opted to get our mortgage with our Bank Westpac who at the time were offering the best interest rates .

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On 22/11/2017 at 16:11, Kieran White said:

Hi All,

My wife and I have not long moved to WA (around 7 months ago), We have began the process of shopping for a house.

We are both UK nationals with history investment properties in the UK, does anyone know what financial record we will have to show for a mortgage (e.g. in the UK it's three years of accounts or payslips)?

Any recommendations of banks would be welcome too.

Thanks.

Kieran

My brother in law is a mortgage broker here in Perth, happy to send you his details if you like...

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Thanks both for the replies, helpful info re: the documentation.

 

Thank you re: the mortage broker, we are actually already working with one now but thank you for the recommendation.

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We found because we had no history here and didnt have a massive deposit there were not many lenders who would lend what we wanted. It wasnt a lot of money either considering and we could well afford it. Sadly as new migrants they make you a high risk, we ended up going with the government Key start that back in the UK I would never have considered a lender like this as the interest rate is higher. In the UK we have/had an excellent credit rating so lending was thrown at us. Here you are unknown unless you have plenty of money for a deposit!

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