Australian Resident

Posted on 18 March 2011 by Janet


My daughter, resident in Australia, wants to buy the family home in Britain.  She has no deposit but a large income, is there anyway she can do this?

Janet,

I regret that there are no Lenders in the UK offering 100% mortgages anymore and your daughter will need to raise a deposit.

She will also find that whilst she lives in Australia none of our normal High Street banks or Building Societies will be able to help her.

I recommend that she speaks to an independent mortgage broker in Australia to see if any of the Australian banks can help.

Peter

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