I ust returned from my first trip over to the US (visiting my husband's family in Texas - he's American).
I'd like to move over there, and have noticed that for the price of our little UK cottage we could have a 4 bed, 3 bathroom gated-community deluxe abode over there. I also rather like the place (sunny, and the people struck me as generally quite optimistic).
It wouldn't be for a year or two, but I'd like to know how possible it would be logistically. We have three quarters of our UK mortgage left to pay, so couldn't release the capital on it. What, if any, would be our best route? Can you recommend any books, etc? I'm rather naive over this sort of thing!
Thanks!
2007-05-14 09:47:17 · 5 answers · asked by stuffnstuff 3 in Business & Finance ➔ Renting & Real Estate
If you have 25% equity in your UK home, just sell it and pay off the mortgage. You'll have a tidy pile to put towards a purchase elsewhere.
You can't "transfer" a UK mortgage, nor would you want to. Fixed rate mortgages are the rule in the US -- for the LIFE of the mortgage! And current rates are below 6% PA!
One caution about TX though. Although the weather can be lovely at this time of year, you'll have a different opinion in July and August where temps can easily exceed 40C in the daytime and don't drop much at night. And do keep in mind that most of TX is in the heart of "Tornado Alley" so do be sure that whatever you buy has a proper storm cellar!
2007-05-14 10:03:07 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
No you does not be waiting to. maximum US scientific colleges require a 4 12 months Bachelors degree from a US college. 4 years of study interior the U. S. ought to value you properly over one hundred,000 USD as you're a international pupil. Why not basically shop time and money and study drugs interior the united kingdom?
2016-11-03 22:15:24 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Sell your place in the UK and put that money on a place in the US. You will get a lot more for you money in Texas, especially considering the market in TX and the pound to dollar exchange rate.
2007-05-14 09:52:18 · answer #3 · answered by I'm da Mama! 2 · 0⤊ 0⤋
http://www.simplicityfinancial.com/international/index.php
there is a site here that may or may not help! I know nothing about them as we are lucky enough not to have one, but they may be able to give you some advice. Maybe you can transfer your mortgage to a company like this that could finance you abroad.
2007-05-14 09:54:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You'll end up with a horrible accent, sweetheart. You probably sound delicious just now.
2007-05-14 09:50:52 · answer #5 · answered by rage707_666 2 · 0⤊ 4⤋