Forum Replies Created
Hi Richard,
I was wondering if you had noticed any changes to lending opportunities for UK properties over the last six months?
Cheers,
Chris.
Thanks Richard. Please do let me know if you hear of any changes.
Thanks for your comment as well Steve. I tried contacting Barclays (Offshore) a month ago or so. They sent me some information, but one of their requirements was that they required my monthly salary to be deposited in to one of their offshore accounts which I have no interest in doing.
Natwest International looked good rate wise, but when I spoke with them they couldn't get me off the phone fast enough once I mentioned I was an Australian resident.
Regards,
Chris.
Hi Richard,
That would explain the issues I've been going through in trying to find a lender to refinance my BTL UK property. My intention was to refinance and purchase another BTL, but my current property has lvr of 60% at the moment – so even with the lender you mentioned, there is no capital available for me. Are you able to elaborate at all on why the UK and offshore banks are closing down their products to non-residents living in Australia? I ask so that I can keep my eye on the mortgage markets for any events that may change this in our favour.
Regards,
Chris.
