Non UK resident Mortgage
Discussion
Simple as the title.
Currently non resident and need a mortgage to move home, found a really nice house.
Tried;
HSBC; require £60k cash to remain in the account (excluding any mortgage repayments / transactions)
NatWest; no license for German residents
Barclays; meeting on Friday
House is appx x2.5 salary when taking into account a 20% deposit.
Any recommendations? Would need to transfer / repay my current NatWest mortgage with a charge.
Currently non resident and need a mortgage to move home, found a really nice house.
Tried;
HSBC; require £60k cash to remain in the account (excluding any mortgage repayments / transactions)
NatWest; no license for German residents
Barclays; meeting on Friday
House is appx x2.5 salary when taking into account a 20% deposit.
Any recommendations? Would need to transfer / repay my current NatWest mortgage with a charge.
Trexthedinosaur said:
Simple as the title.
Currently non resident and need a mortgage to move home, found a really nice house.
Tried;
HSBC; require £60k cash to remain in the account (excluding any mortgage repayments / transactions)
NatWest; no license for German residents
Barclays; meeting on Friday
House is appx x2.5 salary when taking into account a 20% deposit.
Any recommendations? Would need to transfer / repay my current NatWest mortgage with a charge.
Non resident? But need to move in the UK?Currently non resident and need a mortgage to move home, found a really nice house.
Tried;
HSBC; require £60k cash to remain in the account (excluding any mortgage repayments / transactions)
NatWest; no license for German residents
Barclays; meeting on Friday
House is appx x2.5 salary when taking into account a 20% deposit.
Any recommendations? Would need to transfer / repay my current NatWest mortgage with a charge.
Can you elaborate?
Where in the world do you work?
What currency are you paid in?
Why did HSBC say you needed to keep £60k with them?
Hello Sarnie, thanks;
In Germany at the moment (NatWest expat do not cover Germany), paid in euros.
Planning to return within the next 24 months (absolute max), found a house we really like, in an ideal area and at a great price; just investigating how easy it would be to sell my existing house and buy this one.
No idea about HSBC, I bank with them currently (UK only), spoke to their expat team today and the only way to progress was to 'hold' £60k in my account, indefinitely.
In Germany at the moment (NatWest expat do not cover Germany), paid in euros.
Planning to return within the next 24 months (absolute max), found a house we really like, in an ideal area and at a great price; just investigating how easy it would be to sell my existing house and buy this one.
No idea about HSBC, I bank with them currently (UK only), spoke to their expat team today and the only way to progress was to 'hold' £60k in my account, indefinitely.
Trexthedinosaur said:
Hello Sarnie, thanks;
In Germany at the moment (NatWest expat do not cover Germany), paid in euros.
Planning to return within the next 24 months (absolute max), found a house we really like, in an ideal area and at a great price; just investigating how easy it would be to sell my existing house and buy this one.
No idea about HSBC, I bank with them currently (UK only), spoke to their expat team today and the only way to progress was to 'hold' £60k in my account, indefinitely.
Will the property be empty for that 24 months?In Germany at the moment (NatWest expat do not cover Germany), paid in euros.
Planning to return within the next 24 months (absolute max), found a house we really like, in an ideal area and at a great price; just investigating how easy it would be to sell my existing house and buy this one.
No idea about HSBC, I bank with them currently (UK only), spoke to their expat team today and the only way to progress was to 'hold' £60k in my account, indefinitely.
Gassing Station | Finance | Top of Page | What's New | My Stuff