Assuming a house qualifies as a PPOR, for each interval that it is rented out for >6, then you move back in, then rent it out for another interval >6 years, on each interval it has been rented out >6 years does the 6 year exemption apply to that interval or does it wash away completely once it has been rented out >6 years.

Reason I ask is…[Read more]

Assuming a house qualifies as a PPOR, for each interval that it is rented out for >6, then you move back in, then rent it out for another interval >6 years, on each interval it has been rented out >6 years does the 6 year exemption apply to that interval or does it wash away completely once it has been rented out >6 years.

Reason I ask is…[Read more]

Assuming a house qualifies as a PPOR, for each interval that it is rented out for >6, then you move back in, then rent it out for another interval >6 years, on each interval it has been rented out >6 years does the 6 year exemption apply to that interval or does it wash away completely once it has been rented out >6 years.

Reason I ask is…[Read more]

What about this scenario:

You live in a house for 3 years. You are posted overseas for 7 years and you rent it out during your absence. On your return you move back into it for 2 years. You are then posted overseas again for 4 years (again renting it out), at the end of which you sell the house.

Total period of ownership is 16 years.

Do you…[Read more]

What would happen if Bic moved back in after 01 Jan 2010, say 01 Jan 2011. Does he have to apply 1/11 or 4/11 to his gin?

That is, if you are absent for more then 6 years but move back in again, can you get benefit of a new 6 year period from the moment you move back in again?

What would happen if Bic moved back in after 01 Jan 2010, say 01 Jan 2011. Does he have to apply 1/11 or 4/11 as the multiple.

That is, if you are absent for more then 6 years but move back in after the 6 years, can you get benefit of a new 6 year period from the moment you move back in again?

Thanks mate that is very helpful.

By product transfer do you mean convert from home loan to lower lvr buy to let loan? At this point would you need to contribute hard equity to bring LVR back to buy to let levels or do the banks lets you keep lvr as is?

Most BTL loans i’ve seen are around 50% compared to home loans of c.85%. This would be a…[Read more]

By product transfer do you mean convert from home loan to lower lvr buy to let loan? At this point would you need to contribute hard equity to bring LVR back to buy to let levels or do the banks lets you keep lvr as is?

Most BTL loans i’ve seen are around 50% compared to home loans of c.85%. This would be a very big equity hit you’d need to…[Read more]

By product transfer do you mean convert from home loan to lower lvr buy to let loan? At this point would you need to contribute hard equity to bring LVR back to buy to let levels or do the banks lets you keep lvr as is?

Most BTL loans i’ve seen are around 50% compared to home loans of c.85%. This would be a very big equity hit you’d need to…[Read more]

By product transfer do you mean convert from home loan to lower lvr buy to let loan? At this point would you need to contribute hard equity to bring LVR back to buy to let level.

Most BTL loans i’ve seen are around 50% compared to home loans of c.85%. This would be a very big equity hit you’d need to inject to do the product transfer -…[Read more]

By product transfer do you mean convert from home loan to lower lvr buy to let loan? At this point would you need to contribute hard equity to bring LVR back to buy to let level.

Most BTL loans i’ve seen are around 50% compared to home loans of c.85%. This would be a very big equity hit you’d need to inject to do the product transfer -…[Read more]

By product transfer do you mean convert from home loan to lower lvr buy to let loan? At this point would you need to contribute hard equity given the btl loan is around 50% LVR and home loans on c.85%?

So say I buy a flat and I get 2 years fixed. Then after year 2 I decide I want move back to Australia.

Can the bank reject consent to let? If they do can I refinance into a lower LVR buy to let mortgage?

If they don’t give me consent, I will need to refinance the loan into a buy to let loan on a much lower LVR. Will I be forced to sell at this…[Read more]

So say I buy a flat and I get 2 years fixed. Then after year 2 I decide I want move back to Australia.

What happens here? Effectively, I will need to refinance the loan into a buy to let loan on a much lower LVR. Will I be forced to sell at this point as I can’t convert it to a Buy to let loan because banks wont touch non uk income to refinance…[Read more]

So say I buy a flat and I get 2 years fixed. Then after year 2 I decide I want move back to Australia.

What happens here? Effectively, I will need to refinance the loan into a buy to let loan on a much lower LVR. Will I be forced to sell at this point as I can’t convert it to a Buy to let loan because banks wont touch non uk income to refinance…[Read more]

What happens once the fixed period ends and you try to refix. Can you refix with overseas income? Or are you stuck on higher variable?

The water, gas and electricity show usage but I always had my mail sent to a PO Box. THe bills were in my name and I paid for the usage however.

The water, gas and electricity show usage but I always had my mail sent to a PO Box. THe bills were in my name and I paid for the usage however.

The water, gas and electricity show usage.

But is water, electricty and internet in my name enough to prove I was living there?