We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Moving abroad - Need additional funding
Options
mboi2011
Posts: 1 Newbie
Hello, I am new to this site so sorry if I have posted in the wrong place!
Would be grateful for some advise as we are struggling to get what we are after as we are being open and honest!
Our situation is this; We have a UK property which we want to release some equity from, rent it out and change to a buy-to-let. In principle this sounds simple we had an application almost approved until we told them we were moving to Australia! The extra cash is to put a deposit down when we find a house in Oz!
We have since been to a large number of high street lenders and trailed the internet for any company who would entertain this idea with only a couple of shady possibilities.
My question is has anyone else been in this situation and if so what was the result or can anyone recommend a company.
Many thanks
Would be grateful for some advise as we are struggling to get what we are after as we are being open and honest!
Our situation is this; We have a UK property which we want to release some equity from, rent it out and change to a buy-to-let. In principle this sounds simple we had an application almost approved until we told them we were moving to Australia! The extra cash is to put a deposit down when we find a house in Oz!
We have since been to a large number of high street lenders and trailed the internet for any company who would entertain this idea with only a couple of shady possibilities.
My question is has anyone else been in this situation and if so what was the result or can anyone recommend a company.
Many thanks
0
Comments
-
Hi. I'm no expert, but on these boards I have heard suggestions of trying banks with international banking arms, such as HSBC.
Rgds0 -
In financial terms. What are you hoping to achieve?
If the property was vacant how would you cover the void periods?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards