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Buying a house from abroad

Mr Mister · 2014-10-31 11:17:47

My wife and I have been living in Australia for the past 3 years and are looking at moving back to Dublin in about 6 months time. We are looking at potentially trying to buy a property (probably a 2 bed apartment) on a Buy-To-Let mortgage prior to coming home. We could get approved for this type of mortgage as we have a…

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31-10-2014 12:17pm

#1

Mr Mister

Registered Users Posts: 79 ✭✭

Join Date: January 2008

Posts: 75

My wife and I have been living in Australia for the past 3 years and are looking at moving back to Dublin in about 6 months time. We are looking at potentially trying to buy a property (probably a 2 bed apartment) on a Buy-To-Let mortgage prior to coming home. We could get approved for this type of mortgage as we have a healthy deposit, about 40-50% of the apartments we are considering, and together earn salaries above the thresholds which a couple of banks require.

The reason we are looking at doing this is that we are worried about the length of time it will take when we get home to get jobs and then be made permanent (if at all) so we can then apply for a mortgage. With the inflated rental market I'd prefer not to spend a large chunk of money on rent when we can be paying off a mortgage.

I have read about the Central Banks regulations and just interested to hear people's thoughts about what they would do if they were in our situation. Thanks in advance for the feedback.

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