I have a question for the mortgage brokers of the forum. Being a non resident Canadian, married to a non working Australian means that the max I can get for a mortgage is 60% LVR from my bank. I was wondering, if I had a 309 spousal visa (which I don’t have at the moment but could apply for) would it help me with the banks? Looking to buy my PPR and 60% LVR is just not cutting it in NSW!
Does your partner live in Japan as well? Provided you’re both on the application there are a number of lenders who will consider this deal on the strength of your partner’s citizenship.
Lending policy around overseas borrowing tightened up significantly late last year but I know of a couple of lenders that will still go to high LVRs for overseas citizens. The next challenge is income as they will generally shade it to 80% of your foreign income.
This reply was modified 7 years, 10 months ago by Tom.