Guest spannaelephant

Mortgages

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    Guest 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:err:

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    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

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    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!!!

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    Guest spannaelephant

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

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