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Retired Britons Overseas are able to obtain a mortgage on a UK property, even up to age 70.
But NOT to those living in Australia.
The following page shows a list of countries where residence is not supported for Skipton International’s Expat Lending:
Australia is on this List, although New Zealand isn’t.
The following information appears more relevant for anyone living in New Zealand.
Skipton International are offering Mortgages to Pensioners up to age 70, although they must meet strict income requirements to qualify for the loans. Including
Loans must be repaid by age 85
Foreign Pension must be at least equivalent to £50,000
A UK Pension of £40,000 is the minimum
Loan Amount between £100k and £1.5m
Skipton International Limited
PO BOX 509
St Peter Port
United Kingdom GY1 6DS
Tel: 44 (0) 1481 730730