Just wondered if any of you can answer any of the following questions!
We are hoping to arrive in Adelaide around March next year. Due to the current housing market in the UK we are only just going to break even on our house sale (if we sell it of course!) and therefore will not be taking any equity out of it.
How do we stand for obtaining a mortgage in OZ? We are of course considering renting first, but OH concerned that this is a waste and that it won't feel like home.
He will be self employed and projected earnings from the Company are AUD 80 000 to 100 000. I am hoping to secure a job in finance management shortly after arrival.
How much could we get a mortgage for?
What will the repayments be on this sum per month?
Will it be more difficult because he is self-employed?
Do we need to have a deposit and if so what percent?
Sorry to be pain, but with our house on the market now I need to start considering what to do at the other end.
Thanks in advance