Mortgages

[spannaelephant]

Hi, was wondering for those of you who went over using their HSBC accounts, did you take a mortgage with them, or a local Ozzie bank?

How much were you able to borrow against the property? Was it up to 80%

Just wondering, so we can understand what house price range we are looking at.

Thanks

[Andrew Williams]

Hi there.

What visa type are you coming over on?

You can usually only borrow 80% max if you are on a temp visa, if you are on a Perm then up to 100% in certain cases although some of the Banks have recently reduced their (LVR) Loan to Value ratio's, for example ANZ will now only go to 90% LVR max.

If you are Perm and want to borrow more than 80% then there is also a Lenders Mortgage Insurance payable.

Andy

[ozzieclare2be]

Hi there.

What visa type are you coming over on?

You can usually only borrow 80% max if you are on a temp visa, if you are on a Perm then up to 100% in certain cases although some of the Banks have recently reduced their (LVR) Loan to Value ratio's, for example ANZ will now only go to 90% LVR max.

If you are Perm and want to borrow more than 80% then there is also a Lenders Mortgage Insurance payable.

Andy

we were really lucky to get in with ANZ before the deadline for 95% mortgage eek!!!

[spannaelephant]

Hi, thanks for that. Not sure of visa type, company doing all arrangements......................I'm pretty green really hey?!