Can you buy a house in UK?

stprdi
New Member



Joined: 21 Sep 2006
Posts: 8
Location: BC

Posted: Wed Jan 30, 2008 2:34 pm

 

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We're researching a move to the UK. I'm a dual citizen. Just wondering if we would be able to buy a home after landing there? Would anyone care to share thoughts on good areas to live. Thanks

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sleepy
CanuckAbroad Regular



Joined: 04 Jun 2006
Posts: 49
Location: London

Posted: Wed Jan 30, 2008 5:05 pm

 

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yes, you can definitely buy a house in the uk. trust me, your money will not be rejected.

personally, i think london is the best place to live in the uk if you can deal with the expense.

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mari-mac
Senior Member



Joined: 01 Sep 2006
Posts: 94
Location: U.K.

Posted: Thu Jan 31, 2008 9:15 am

 

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Yep, even better if you're a dual citizen.

I bought a house while on my ancestry visa - I had to pay a larger downpayment because I only had 2 years left on my visa - which ultimately wasn't that big a deal since it means owing the bank less money! But if you're a citizen, you won't have that difficulty.
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SW1392
Junior Member



Joined: 18 Jan 2008
Posts: 13

Posted: Fri Feb 01, 2008 7:16 am

 

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It's a good time to buy. The Canadian dollar is strong so you should do a little better when you exchange to pounds (better than a year ago)and the market is slow (so we are being told) and interest rates are dropping.

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jimroyle
New Member



Joined: 03 Feb 2008
Posts: 1
Location: NEW WESTMINSTER

Posted: Sun Feb 03, 2008 2:24 pm

 

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Hi All,

Has anyone had any experience with mortgages when landing in the UK? After selling my place in Canada, I want to buy a place when I land and only need to borrow 10-20,000 GBP but I don't think Canadaian credit ratings are worth anything in the UK.Any good/bad stories out there? Thanks.

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Deus
CanuckAbroad VIP



Joined: 16 Sep 2004
Posts: 216
Location: Wrecsam

Posted: Thu Mar 27, 2008 11:01 am

 

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I thought buying in the UK was much easier than in Canada even.
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Steven
CanuckAbroad VIP



Joined: 28 Sep 2007
Posts: 974
Location: Calgary

Posted: Fri Mar 28, 2008 7:48 am

 

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It's pretty much exactly the same, the only real difference are the taxes. GST on new houses in Canada, stamp duty on all houses in the UK.
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Steve.

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