Active discussions

Please or to access all these features

Talk
Living overseas

Whether you're considering emigrating or an expat abroad, you'll find likeminds on this forum.

Original poster

Using equity in house

4 replies

pixiegumboot · 20/08/2013 19:17

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.

OP posts:
Mutley77 · 25/08/2013 04:10

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.

Mosman · 25/08/2013 10:51

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 · 26/08/2013 07:06

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.

Original poster
pixiegumboot · 30/08/2013 20:04

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

OP posts:
New posts on this thread. Refresh page