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Using equity in house

(5 Posts)
pixiegumboot Fri 30-Aug-13 20:04:42

thanks. just got back from hols. any ideas of companies to approach?

Mutley77 Mon 26-Aug-13 07:06:53

Wow that's interesting mosman - thanks for that info. We have a uk house which is rented out and are reluctant to sell it but without the equity I can't see how we would afford to buy here. I will get DH to look at it again.

Mosman Sun 25-Aug-13 10:51:16

I think you can actually, I know you can definitely get a mortgage in NZ or Australia to buy a uk house as a BTL if you wanted to pay a higher interest rate lol and they can use the uk law to repossess if necessary.

Mutley77 Sun 25-Aug-13 04:10:10

Pretty sure you can't - my DH looked into it. It kind of makes sense as if you defaulted on NZ mortgage, they wouldn't have any ability to access the money from your UK property.

pixiegumboot Tue 20-Aug-13 19:17:01

does anyone know if you can use the equity in a UK house to buy in New Zealand? House in UK will have BTL mortgage.

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