Forums / Property Investing / Overseas Deals / Credit check by foreign lender

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  • Profile photo of astroboy71astroboy71
    Participant
    @astroboy71
    Join Date: 2011
    Post Count: 18

    I’m about to apply to a UK bank for a remortgage against a home I own in London. This bank does not operate in Australia but offers expat mortgages.

    Should I disclose my neutral geared property investments and shares in Australia to them? Will this hurt or help my application? Can foreign banks check credit history in Australia?

    Thanks

    astroboy71
    Email Me

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,992

    We do a lot of Expat / Foreign National loans and most lenders wherever they are based ask for a copy of a credit search in your Country of origin.

    Not disclosure on an application form is actually Mortgage fraud so upto you whether you want to go this route.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

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