Deposit For A UK House (Working Abroad)

D3P0

Hi all,


It's been a few years since I've been here and you'll see from my signature my past has been quite a journey!


Currently we are in the Middle East. Debt free with a pot growing of long term savings (something I thought I'd never be able to say!).


We are giving thoughts to coming back to the UK in the next year / 18 months and buying a place maybe a year after we return 2020 - 21... maybe.


What are your thoughts on the help to buy ISA / equity loan for a property of 300,000. What would be the best way to pay to build that deposit pot?


** Added note - I used to own a shared ownership property **


Thanks as always for your advice.

csgohan4

you may need to have some credit history in this country. I would advise engaging with a mortgage broker to look at your options

Thrugelmir

D3P0 wrote: »

What are your thoughts on the help to buy ISA / equity loan for a property of 300,000. What would be the best way to pay to build that deposit pot?

Keep saving hard. You may struggle to obtain a mortgage until you've reestablished yourselves in the UK. A different world to the one you left I suspect.

Penguin2017

If you can put up a 25% deposit, most lenders would lend you without any problems. If not, you might struggle or will get a higher rate from the International banks or after 2 years of building history. I got one though am I not a UK citizen