We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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 but buying in UK
MLee_3
Posts: 5 Forumite
I would be grateful for any advice on my situation.
I am in the process of buying a flat with a friend. We are about to put in an offer, and are going to apply for a joint mortgage (50:50) with Alliance & Leicester. The problem is that I have just got a new job and will be moving to Africa for two years in November. I don't own any other property, I will be earning a tax free salary, and will not be renting out my half of the property whilst I am abroad. I will not be a UK resident for those two years, nor will I have a UK-based employer.
My questions are:
1. Does this change my situation, meaning that I can't get a mortgage?
2. Might I be able to get any tax break on the mortgage whilst I'm away?
3. Do I have to declare this to the mortgage lender when I apply?
Thanks
I am in the process of buying a flat with a friend. We are about to put in an offer, and are going to apply for a joint mortgage (50:50) with Alliance & Leicester. The problem is that I have just got a new job and will be moving to Africa for two years in November. I don't own any other property, I will be earning a tax free salary, and will not be renting out my half of the property whilst I am abroad. I will not be a UK resident for those two years, nor will I have a UK-based employer.
My questions are:
1. Does this change my situation, meaning that I can't get a mortgage?
2. Might I be able to get any tax break on the mortgage whilst I'm away?
3. Do I have to declare this to the mortgage lender when I apply?
Thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards