Mortgages - Overseas income/debt

Gladders

Hi all, I am in my early 50's and employed full-time. I have recently migrated back to the UK from Australia and would like to buy a house which entails getting a mortgage. My problem is that I still own a mortgaged property (tenanted) in Australia. I also have a substantial pension in Australia which would service or pay off any mortgage within a few years or allow repayments beyond normal retirement.
My problem is that the lenders I have spoken to count the mortgage repayments as a financial commitment but will not count either the rental income or my pension as an income/asset. As a result the figures do not add up and I cannot purchase a house in the UK.
Does anybody have any advice????
Thanks for reading:)

kingstreet

If the property is let and you can evidence payment of the mortgage and the rental income I would expect a lender to treat it as self-financing and ignore it.

How long have you been back in the UK as there is a minimum for most lenders?

Spoken to any brokers, or tried to do this direct?

Gladders

Thanks, I've been back 18 months. Not spoken to any brokers yet.... open to recommendations

kingstreet

You'll need to ask friends and relatives for a recommendation.

Otherwise look on https://www.unbiased.co.uk but get the full list not just he paid-for adverts.