View Full Version : Can I transfer/swap my mortgage to a different country?
HenryT
Feb 3, 2008, 02:22 PM
I was wondering if this is possible, I currently have a mortgage with HSBC bank and I'm looking to migrate to Australia. There is a HSBC there, and I was thinking is it possible to swap my mortgage, or do a trade in type thing and get a house in Australia?
I need to migrate rather quick and don't have time to sit and wait for sale as this may take years. Any help appreciated:)
tickle
Feb 3, 2008, 02:58 PM
Why don't you find a surrogate to take care of your affairs and rent your home until it can be sold.
Fr_Chuck
Feb 3, 2008, 03:22 PM
No, since a swap means someone has to take your property, ( and it can't even be done) you will have credit with them, since you have this loan, so you merely need to sell this property for enough money to pay your loan off
ScottGem
Feb 3, 2008, 03:27 PM
You MIGHT be able to transfer your mortgage servicing to Australia, but I don't see what good that does you. That doesn't swap your property. I think Tickle's suggestion of leaving the task in the hands of an agent makes the most sense.
HenryT
Feb 4, 2008, 03:11 PM
You MIGHT be able to transfer your mortgage servicing to Australia, but I don't see what good that does you. That doesn't swap your property. I think Tickle's suggestion of leaving the task in the hands of an agent makes the most sense.
I only suggested this because they do house trade-ins here, so I thot that if I can trade in my property here for a property there and pay the difference using my current mortgage with revised payments to suit.
Anyway it was just a thought.:D
ScottGem
Feb 4, 2008, 04:19 PM
There are house trades here to. But generally not with property with a lien on it.