Forums / Getting Technical / Finance / Getting Finance on a 457 Partner Visa

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  • Profile photo of AdamPetfordAdamPetford
    Participant
    @adampetford
    Join Date: 2017
    Post Count: 2

    Hello

    I moved to Australia last Dec from the UK on a 457 New Zealand partner visa. I own a property in the UK which I want to sell and use the capital gain to fund property investment here The big question is will i be able to get finance on a partner visa? can anyone give me any help or advice with this?

    Thank you in Advance

    Adam Petford

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

    Hi Adam

    Welcome to the forum and hope you enjoy your time with us.

    Yes no reason why you shouldn’t be able to get Finance on a 457.

    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.

    Profile photo of AdamPetfordAdamPetford
    Participant
    @adampetford
    Join Date: 2017
    Post Count: 2

    Great – I have one more question if that’s OK?

    I had a bad credit record in the UK but it doesnt seemed to have followed me to Australia – if i am applying for finance for a house would they dig a bit deeper and track down my old UK credit record?

    thank you Richard

    Adam

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

    Normally no but depending on how bad.

    Coming from the UK myself we have financed 1001 UK citizens and never had a problem.

    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.

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    Yes you still can get a lot with a 457 visa – there are some lenders who won’t take this visa type or have recently pulled away from it, but there are still options available.

    Re; the bad credit – very unlikely that your previous UK credit file will be picked up in Australia.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

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