Can I Get a Home Loan to Buy Australian Property If I Am an Australian Expat Contracting in the UK?
It is quite common for Australian citizens living in London to be employed on a contract basis. They may be contracting directly, through a limited corporation or an umbrella corporation. On top of this, these limited companies are often locate up offshore in the Canary or Virgin islands in order to reduce the contractors taxation liability in the UK. The combination of being an Australian expat earning income overseas combined with being on a contract basis, which is generally not seen as the most stable path to be employed by the banks, can constitute it very very dense to get your house loan approved. This article looks at when you can be approved and what the lenders are looking at when deciding whether to approve your house loan. More information: First Time Home Buyer Mortgage
