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  • FIRST POST
    • michaeljpconlon
    • By michaeljpconlon 10th Oct 16, 12:28 AM
    • 23Posts
    • 2Thanks
    michaeljpconlon
    Returning Home to UK from Ireland Can I get Mortgage
    • #1
    • 10th Oct 16, 12:28 AM
    Returning Home to UK from Ireland Can I get Mortgage 10th Oct 16 at 12:28 AM
    Hi

    I need some advice. Im returning to the UK from Ireland and need a mortgage as I've found a house that I know i need to live in.

    I've had uk employment while living in Ireland and have paid tax on this. Do you think I can still apply for a mortgage? I kept my UK bank account however I did have bad debt going back about 8 years or so.

    Any advice is really appreciated.
Page 1
    • Hasbeen
    • By Hasbeen 10th Oct 16, 12:36 AM
    • 707 Posts
    • 513 Thanks
    Hasbeen
    • #2
    • 10th Oct 16, 12:36 AM
    • #2
    • 10th Oct 16, 12:36 AM
    apply and find out?
    • muhandis
    • By muhandis 10th Oct 16, 8:33 AM
    • 204 Posts
    • 81 Thanks
    muhandis
    • #3
    • 10th Oct 16, 8:33 AM
    • #3
    • 10th Oct 16, 8:33 AM
    In your place -

    1. I would get a £2 statutory report from the three major agencies to make sure that aren't glaring issues which need be addressed. Bad debt from 8 years ago should theoretically have been removed by now, but it doesn't hurt to check what else might be there.

    2. If the above looks ok, I would call a London based mortgage broking firm (because they'll be quite experienced with returning expats, new residents, etc) and set up a telephonic appointment to discuss your particular circumstances and whether it is possible to get a mortgage at this point of time.

    I hope that helps. I'm sure the mortgage brokers on the forum will have more tips.

    Good luck.

    Hi

    I need some advice. Im returning to the UK from Ireland and need a mortgage as I've found a house that I know i need to live in.

    I've had uk employment while living in Ireland and have paid tax on this. Do you think I can still apply for a mortgage? I kept my UK bank account however I did have bad debt going back about 8 years or so.

    Any advice is really appreciated.
    Originally posted by michaeljpconlon
    • michaeljpconlon
    • By michaeljpconlon 10th Oct 16, 10:36 AM
    • 23 Posts
    • 2 Thanks
    michaeljpconlon
    • #4
    • 10th Oct 16, 10:36 AM
    • #4
    • 10th Oct 16, 10:36 AM
    Thanks for the reply. I'm hoping a broker will be able to give me some advise. Its good to hear that there are products available.
    • Thrugelmir
    • By Thrugelmir 10th Oct 16, 11:03 AM
    • 51,207 Posts
    • 42,983 Thanks
    Thrugelmir
    • #5
    • 10th Oct 16, 11:03 AM
    • #5
    • 10th Oct 16, 11:03 AM
    When you say a bad debt. Just one or a number of creditors.
    “A man is rich who lives upon what he has. A man is poor who lives upon what is coming. A prudent man lives within his income, and saves against ‘a rainy day’.”
    • michaeljpconlon
    • By michaeljpconlon 10th Oct 16, 11:04 AM
    • 23 Posts
    • 2 Thanks
    michaeljpconlon
    • #6
    • 10th Oct 16, 11:04 AM
    • #6
    • 10th Oct 16, 11:04 AM
    I'd say two creditors. I did have a mortgage before I left with Accord and I paid that in full. So I'm hoping this helps. I'm not sure that their records would go back that far though.
    • Thrugelmir
    • By Thrugelmir 10th Oct 16, 1:41 PM
    • 51,207 Posts
    • 42,983 Thanks
    Thrugelmir
    • #7
    • 10th Oct 16, 1:41 PM
    • #7
    • 10th Oct 16, 1:41 PM
    Technology enables companies to maintain records for a very long time. The companies you defaulted on are probably best avoiding.
    “A man is rich who lives upon what he has. A man is poor who lives upon what is coming. A prudent man lives within his income, and saves against ‘a rainy day’.”
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