• Vista Financial Services - Expert Advice on UK Pensions Transfers to Australian Superannuation  QROPS
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    1. #1

      Senior Member
      Join Date
      Dec 2010
      Port noarlunga
      207 times

      Mortgage and fees

      Hi can you answer this question. We have seen a house that we love but are short of the fees is there anyway we can add the fees to a mortgage?
      Sharon,andy, Lauren and Harvey Skills assessment 8/12/10 SS paperwork received 10/01/11S. SS 28/02/11 visa sent 7/3/11 CO 25/3/11 meds 5/4/11 meds received 2/5/11 PC 6/4/11 PC recd in oz 4/5/11. Visa granted5/5/11.house rented out and flew to oz 22/1/12 and loving it!!!

    2. Vista Financial Services - Expert Advice on UK Pensions Transfers to Australian Superannuation  QROPS
    3. #2

      Senior Member
      Join Date
      May 2008
      561 times
      Hi Sharon

      Generally the absolute maximum mortgage that can be achieved is 95% (plus Lenders Mortgage Insurance capped) therefore a 5% deposit and fees of approx 5% are required.

      I know of one product whereby it may be possible to have the fees added to a credit card with the lender at mortgage rates (up to $20k) and therefore if the fees are less then $20k only a 5% deposit would be required.

      However this product doesn't suit everyone and it also requires a strong income to be able to service, stronger than ordinarily would be required.

      The other requirement is that the 5% deposit has to be verified as genuine savings, this essentially means that they should have been held/saved over at least a 3 month period.


      Director - Vista Financial Services - Financial Advisor and Mortgage Advisor for Poms in Adelaide - UK Pension Transfers / Financial Advice / Mortgage Advice
      Andrew@vistafs.com.au FPA & MFAA Member, Adv Dip FP www.vistafs.com.au Ph: 08 8381 7177



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