BilXyyou will be suprised that most of the aussie big banks are in london and you can borrow £ to buy aussie property. I assume for ausie citizen of coure. while this may not be a big part of their interest in UK it could be worth having a chat to them. at least this way you are paying £ then sending money home each month and paying all the con…[Read more]

Evening PappyJust doing something similar by buying my sisters shares from a deceased estate. I am buying into a trust. If you are not on the land title then you are up for the whole stamp duty. State Revenue does not miss a beat here. However your legal costs can be reduced. Instead of a contract of sale, we have a  "transfer between related…[Read more]

Hello ElkamI can recommend ozforex. I used them while I working in London and sending money back to Aus. Good rates and provided great service. Fees were cheaper compared to some of the other providers. The first transaction I had to be in contact with their foreign exchange person to verify it in Sydney but after that all my transactions were…[Read more]

Evening Bravo,A little while back I was in a similar position with a choice of buying one or two IP's and renting with similar money. After seeing an accountant he gave me the advice of putting all my money into a PPOR and borrowing equity out of PPOR for the first IP. The first thing is he stated you need a roof over your head but it is also an…[Read more]