Mortgages

[Guest LizzieL]

Hi all

 

We've finally managed to buy a house here, and I have to thank Andy and Stacey Williams at Vista Financial Services for all their fantastic work for us. Even our hard-nosed estate agent commented how good they were.

 

It takes a while to get your head around the house buying process here, and our situation wasn't straightforward. I was constantly on the phone with questions, and nothing was too much trouble for Stacey. They were professional, energetic and a pleasure to deal with.

 

Thanks guys!

[Andrew from Vista Financial]

Hi all

 

We've finally managed to buy a house here, and I have to thank Andy and Stacey Williams at Vista Financial Services for all their fantastic work for us. Even our hard-nosed estate agent commented how good they were.

 

It takes a while to get your head around the house buying process here, and our situation wasn't straightforward. I was constantly on the phone with questions, and nothing was too much trouble for Stacey. They were professional, energetic and a pleasure to deal with.

 

Thanks guys!

 

 

 

Thanks for your kinds words, we really appreciate it and it was a pleasure to assist.

 

 

Andy

[Guest willow1234]

hi there lizziel, hope you dont mind me asking this question ? but did you have to submit 2years of tax books before you can get a morgage ? we are looking into it at the moment and have been lead to believe this.... sorry if its too personal. thanks deb.

[Guest kfoley0681]

we had to submit wage slips for 3 months!

[Andrew from Vista Financial]

hi there lizziel, hope you dont mind me asking this question ? but did you have to submit 2years of tax books before you can get a morgage ? we are looking into it at the moment and have been lead to believe this.... sorry if its too personal. thanks deb.

 

 

Hi Deb

 

That will depend on how much deposit you have and a few other factors.

 

Andy

[Guest LizzieL]

hi there lizziel, hope you dont mind me asking this question ? but did you have to submit 2years of tax books before you can get a morgage ? we are looking into it at the moment and have been lead to believe this.... sorry if its too personal. thanks deb.

 

Hi Deb

 

No, fine to ask. We didn't to do that, but probably worth getting some good advice, each situation seems to present its own individual challenges!

 

Good luck with it.

[coolerking]

Hi all

 

We've finally managed to buy a house here, and I have to thank Andy and Stacey Williams at Vista Financial Services for all their fantastic work for us. Even our hard-nosed estate agent commented how good they were.

 

It takes a while to get your head around the house buying process here, and our situation wasn't straightforward. I was constantly on the phone with questions, and nothing was too much trouble for Stacey. They were professional, energetic and a pleasure to deal with.

 

Thanks guys!

 

I agree, they are fantastic and have managed to move my pensions over here which required a great deal of badgering from Stacey. I am always cautious of anyone in finance but personally recommend them.

 

Cooler

[Guest Daisy Duke]

Hi Guys!,

 

Does anyone know the answer to this question? Do you have to be a PR to get a mortgage? We are going on a 457 visa initially and wondered how this works?

 

Would appreciate any info and advice.

 

Sara

:daydreaming:

[Guest shella_n]

Hi Guys!,

 

Does anyone know the answer to this question? Do you have to be a PR to get a mortgage? We are going on a 457 visa initially and wondered how this works?

 

Would appreciate any info and advice.

 

Sara

:daydreaming:

 

im pretty sure you are not allowed to buy property when you are on a 457 (mortgage or not) we are waiting for our PR to come through so that we cna buy somewhere

[Guest Mitchell]

im pretty sure you are not allowed to buy property when you are on a 457 (mortgage or not) we are waiting for our PR to come through so that we cna buy somewhere

 

You can buy property on a temp visa or even if you don't live here what I think you're referring to is you can't get certain loans including mortgages is you're temp.

[Guest shella_n]

You can buy property on a temp visa or even if you don't live here what I think you're referring to is you can't get certain loans including mortgages is you're temp.

 

ooh! I thought they changed the rules last year so that only residents could buy? oh well, doesnt really make much difference to our case cause we neeed a mortgage .

 

Getting so frustrated at the moment as my husbands work promised us permanent sponsorhsip over 2 months ago and the crappe woman there who is dealing with it is takign sooooo long and we are having to postpone all our plans - including buying a house.

[Andrew from Vista Financial]

Hi Guys!,

 

Does anyone know the answer to this question? Do you have to be a PR to get a mortgage? We are going on a 457 visa initially and wondered how this works?

 

Would appreciate any info and advice.

 

Sara

:daydreaming:

 

 

ooh! I thought they changed the rules last year so that only residents could buy? oh well, doesnt really make much difference to our case cause we neeed a mortgage .

 

Getting so frustrated at the moment as my husbands work promised us permanent sponsorhsip over 2 months ago and the crappe woman there who is dealing with it is takign sooooo long and we are having to postpone all our plans - including buying a house.

 

 

Hi Sara and Shella

 

 

Just to clarify, you can buy property in Australia as temporary residents, if you are going to be living in the property as your home then there is pretty much no stipulations however if you want to purchase a property for an investment then there are certain properties only allowable.

 

In any event you will need to apply to the Forign Investment Review Board (FIRB) for permission to buy. If the house is to be the main place of residence then it is generally a tick box exercise to gain permission.

 

On the mortgage front, temporary residents can get mortgages, generally they will need a 20% deposit as lenders are limited to lending 80% to temporary residents however if you have this deposit then temporary residents are considered.

 

Just be aware a temporary resident will not be eligible for the First Home Owners Grants, however if PR is obtained within 12 months they can be claimed retrospectively.

 

 

Regards

 

Andy

[Guest shella_n]

Hi Sara and Shella

 

 

Just to clarify, you can buy property in Australia as temporary residents, if you are going to be living in the property as your home then there is pretty much no stipulations however if you want to purchase a property for an investment then there are certain properties only allowable.

 

In any event you will need to apply to the Forign Investment Review Board (FIRB) for permission to buy. If the house is to be the main place of residence then it is generally a tick box exercise to gain permission.

 

On the mortgage front, temporary residents can get mortgages, generally they will need a 20% deposit as lenders are limited to lending 80% to temporary residents however if you have this deposit then temporary residents are considered.

 

Just be aware a temporary resident will not be eligible for the First Home Owners Grants, however if PR is obtained within 12 months they can be claimed retrospectively.

 

 

Regards

 

Andy

 

wow ....that is very very interestiing ......thank you so much.

That changes things for us then - we could mabye buy rather than move to another rental and then buy oooh very exciting!

 

Andy - do you deal with mortgages as we would need someone to help us with that - i have absolutely no idea how much we could loan etc?

 

Michelle

[Andrew from Vista Financial]

Hi Michelle

 

 

Certainly do, feel free to get in touch, contact details are in my signature.

 

 

Regards

 

Andy

[Guest shella_n]

Hi Michelle

 

 

Certainly do, feel free to get in touch, contact details are in my signature.

 

 

Regards

 

Andy

 

GREAT! Will definately do that. Thanks

[Guest LizzieL]

We're on 457 visas and have just got a mortgage & bought a house.

 

Will be great to have our own place again....

[Guest Daisy Duke]

Thanks guys. Useful info.

 

Cheers.