Q Myself and my wife are looking into moving from the EU back to the UK. We currently own a property over here that we are looking to sell and are wondering whether we should rent for a few months when we get back or look to buy straight away? I know that lenders have made a huge cut in the mortgages they are offering, so our thought process is that renting for a few months while we work on building up our credit scores and having income flow into our UK bank accounts could be a more viable option.
WC
A I think that you and your wife should rent somewhere to live until you have sold your current property in Europe. You are right in thinking that it would be a good idea to build up your credit records – which includes registering to vote – and having proof of a regular UK income before you apply for a mortgage. But it’s also unlikely – but not impossible – that you would be considered for a mortgage if you are both starting new jobs.
