First time buyer - working aborad

Katiecharlottej

My partner & I have put a first refusal deposit down on a local new build development. We love the plot we have managed to secure however we have been given the opportunity to move to Australia for two years with a new job. We are first time buyers & we have a 20% deposit for the house which is currently valued at £230,000. The house is not due to be completed for another 18 months. We have been told that 6 months before completion we will need to secure a mortgage. This is where we are after some advice.

Is it possible for UK banks to take a Australian wage into consideration?
We are hoping to transfer the majority of our wage back into our UK bank account.
We are after a residential mortgage rather than a buy to let.
We both have a good credit rating in the UK, we will remain in the electoral roll & both of us will be registered to our parents house.

Would a mortgage be possible with this information or would we need to return to the UK?

Any advice would be amazing!

Thank you

agrinnall

I doubt if you'll get a UK mortgage when you are not in residence in the UK. I would just leave it and buy when (if) you return.

AndyBSG

The person who bought my last property off of me was living and working in Australia so it is definitely possible(Had a nightmare exchanging contracts because neither solicitor realised you can't just go to the solicitors to sign it and next day delivery via post isn't possible!).

She's still resident in Oz two years later and only comes back to the UK for a few weeks a year.

Obviously a mortgage broker is probably your best bet to answer the question