Buy To Let / Moving Abroad

NiamhKenNorth

Hi all,

Myself and my husband on planning on moving to Vancouver in April and we would like to rent our house in the UK out whilst we are away. We want to change our current mortgage to a buy to let mortgage as well as taking some money out of the house for house repairs and to have some money to take to Vancouver with us. We have spoken to two independent mortgage advisors along with our current provider and they have said it is not possible as our primary income will not be in sterling. However, I was certain this would be a very common situation and I didn't expect it to be so difficult. Does anyone know if this is possible / know any providers who can help or have any personal experience in doing the same thing?

Thanks!!

[Deleted User]

NiamhKenNorth wrote: »

Hi all,

Myself and my husband on planning on moving to Vancouver in April and we would like to rent our house in the UK out whilst we are away. We want to change our current mortgage to a buy to let mortgage as well as taking some money out of the house for house repairs and to have some money to take to Vancouver with us. We have spoken to two independent mortgage advisors along with our current provider and they have said it is not possible as our primary income will not be in sterling. However, I was certain this would be a very common situation and I didn't expect it to be so difficult. Does anyone know if this is possible / know any providers who can help or have any personal experience in doing the same thing?

Thanks!!

I'm in a similarish situation except I don't want to take any equity out my home. I've moved to Australia and applied for consent to let with my current mortgage provider. Once the fixed term ends I'm looking at getting an ex-pat BTL mortgage. I'm paid in Australian dollars which is a fairly steady currency as are Canadian dollars. I think an ex-pat BTL is more of an issue if you're getting paid in a currency that fluctuates a lot.

I saw someone on here mention Liquid Ex-Pat Mortgage Brokers so I've been in touch with them to start gauging my options for 2021 when my fixed rate ends. So far so good although Liquid haven't actually had to deliver anything yet.