hi all
some advice please:
we have rented for ages since being in NZ (2 years now) main reason is that we weren't able to sell our UK home so we had to leave it there (along with the equity) and we are currently renting it out so we couldn't really afford to buy in NZ straight away as we didn't have a big enough deposit to put down. We also have the remains of a car loan left behind in the UK. Haven't defaulted, all good credit history etc but it's debt in UK ££££.
Now we have enough for a deposit on a home here in NZ. Could pay off the UK debt but that would mean less deposit so that's why I'm hesitant to do that as we are quite happily paying it off monthly with no issues.
My question is:
Do the banks worry about your past country finances? Do they even ask (been in NZ 2 years now on permanent visas)? If we admit we've got a house and debts in the UK will we have to show proof/bank statements etc from the UK. I've made a couple of international transfers from NZ to the UK to top up the bank a/c there and pay for a few expenses/insurances etc on the rental property so this will surely show up on my NZ bank statements and they will ask questions.
Any thoughts? Advice?