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Old 09.10.2018, 21:31
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Re: Purchasing UK home after leaving Switzerland

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This is the second time in a couple of days that you have taken my answer out of context. There was no question of registering as a visitor, this is what I was actually replying to. Time to repeat the Woody Allen quote on School Teachers I think
You may. I don't think that ever gets repeated enough.
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  #22  
Old 09.10.2018, 21:52
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Re: Purchasing UK home after leaving Switzerland

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You said using the NHS was illegal for non residents. I said it's not - unless you mean if you travel to the UK with the express purpose of using the NHS rather than just being on holiday and needing treatment in an emergency. If you did mean that, you didn't say it. As it stands, your blanket statement is inaccurate. I added the GP visitor thing as a BOGOF. How did i take that out of context? In what way are you using the word context?

Don't get me started on Woody Allen. If it's not Annie Hall I don't want to know...

You seem to have a bit of an issue with teachers. As I've often told my students, teachers are people too. We've been people longer than we've been teachers and that's not all we are.
For non residents who are still registered in the UK. There was no mention of Emergency treatment, you know perfectly well you fxxxed up, admit it & move on.
I only have an issue with teachers who are incapable of reading both the Answer & the question The other teacher in this thread seems to be able to understand what I am saying so clearly not every teacher is a fool.
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  #23  
Old 09.10.2018, 23:33
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Re: Purchasing UK home after leaving Switzerland

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For non residents who are still registered in the UK. There was no mention of Emergency treatment, you know perfectly well you fxxxed up, admit it & move on.
I only have an issue with teachers who are incapable of reading both the Answer & the question The other teacher in this thread seems to be able to understand what I am saying so clearly not every teacher is a fool.
Doesn't one have to be a fool at least a tiny bit to devote one's life to teaching

The truth is, there is no space for self righteousness. Good teaching makes one pretty humble. Kids always do, even the grown ups I see every day.

But we got far from the UK property aquisition, haven't we.
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  #24  
Old 10.10.2018, 10:42
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That's incorrect, Swiss pension cannot be transferred to CH, depending on employment status you may be a able to take the entire sum as cash. If you can't you can still use it towards a deposit.
I see, thanks for that. So it's possible to take it if not employed in the UK. However, it can be taken for a house regardless of employment status.

Also, I guess you mean transferred to the UK...

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Can you use your normal voluntary UK pension as a deposit towards your house? (for example if you are a normal uk citizen - not having worked abroad) or is is this a special case?

Regarding the credit - I would maintain a presense in the UK and buy stuff on zero percent credit and pay them off on time - keep registered at your parents place and keep in the NHS.
Now I am out of it all - it will take you a long time to build up a decent credit rating again if you let it lapse.
Keep your uk banks moving - ready for the day you return - also maintain the national insurance contributions minimal payments.
That's the problem with the credit though - I have nothing to maintain from the UK. When applying for it now they all seem to require that you're a resident of the UK.

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My OH felt the same way as you as he didn't want UK property to increase, and then when returning to the UK find that we had been left behind and couldn't afford another house.
I know it was a while ago but we had kept our UK bank accounts - we just went into the bank and said that we would be returning to the UK soon from Switzerland. We had to show proof of salary etc and were charged a slightly larger percentage but we basically said that we had a large deposit and it was quite straightforward. We just kept the house empty and used it for UK holidays until we moved back. It might have helped that we had kept proceeds from a house sale in a savings account with them.
When you go back for a trip go into your UK bank and have a word.
Unfortunately, I called my banks last night and none were interested until I've moved back to the UK

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So, we stayed in CH for just under two years. We had a mortgage within 6 months so it is doable. We kept bank accounts open and had credit cards, although they weren't really used. The longer you stay away the more this may become an issue, but as long as you keep them open you'll still have a footprint.


What was important in getting sorted so quickly was that Mrs TH went back with a job that had no probation period. If she had the usual 6 months, say, then we would have had to have waited for that period. If you don't have a job you'll have to wait at least 6 months before getting a mortgage. We were still limited in who would lend, but got a decent rate.


From memory the Pillar 2 I think part of it has to be transferred into a blocked pension account, then the rest is released when you purchase a main residence. The pension scheme wouldn't accept transfers so we just got the cash. I don't think you can use it as a deposit though. We sent the completion statement through, released the cash and used it as an overpayment.


So, it's doable. Just keep a credit footprint and use a good mortgage broker.
Ok, that's good to know.

I guess I'll be paying the price for not using a CC for the first 22 years of my life.

Last edited by MusicChick; 10.10.2018 at 11:30. Reason: merging consecutive posts
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  #25  
Old 10.10.2018, 11:45
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Re: Purchasing UK home after leaving Switzerland

Just an idea, but what about having an account with a bank that's got a presence in both countries, such as Santander? Would a strong credit record with such a bank in CH be visible if the you approach the UK branch, and would it have any sway in mortgage offer decisions?
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Old 10.10.2018, 11:51
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Re: Purchasing UK home after leaving Switzerland

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Just an idea, but what about having an account with a bank that's got a presence in both countries, such as Santander? Would a strong credit record with such a bank in CH be visible if the you approach the UK branch, and would it have any sway in mortgage offer decisions?
When I bought my house in Germany, my Swiss bank sent a recommendation to a German bank and that worked well to get a mortgage, even with a Swiss salary etc
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  #27  
Old 10.10.2018, 19:16
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Re: Purchasing UK home after leaving Switzerland

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For non residents who are still registered in the UK. There was no mention of Emergency treatment, you know perfectly well you fxxxed up, admit it & move on.
I only have an issue with teachers who are incapable of reading both the Answer & the question The other teacher in this thread seems to be able to understand what I am saying so clearly not every teacher is a fool.
????


And

!!!!

There was no mention of "who are still registered in the UK " but enjoy. This is just the internet. I would get that teacher thing looked at though. It seems itchy.

Lots of teachers are a bit foolish: MC is right. We have to be. Plus a myriad other things.

OP: good luck with the house. If you go back to the UK with a decent deposit and have a job you'll be on your way.

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  #28  
Old 10.10.2018, 19:32
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Re: Purchasing UK home after leaving Switzerland

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Just an idea, but what about having an account with a bank that's got a presence in both countries, such as Santander? Would a strong credit record with such a bank in CH be visible if the you approach the UK branch, and would it have any sway in mortgage offer decisions?
Probably not as the banks are usually separate legal entities, even with the same name. In other words Santander PLC (UK) is a completely different bank for all intents and purposes than Santander GmbH (Germany). Everything from the websites to the contracts, to the IT systems is different; they won't be able to access each other's account information.
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  #29  
Old 10.10.2018, 21:40
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Re: Purchasing UK home after leaving Switzerland

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Probably not as the banks are usually separate legal entities, even with the same name. In other words Santander PLC (UK) is a completely different bank for all intents and purposes than Santander GmbH (Germany). Everything from the websites to the contracts, to the IT systems is different; they won't be able to access each other's account information.

It's not just that. Totally different credit rating systems and criteria. UK system cannot/does not take foreign history into account.



If it is any consolation, OP, even UK residents are having a hard time getting mortgages these days as a first time buyer.


Regards




Ian
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  #30  
Old 11.10.2018, 01:04
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Re: Purchasing UK home after leaving Switzerland

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Everything from the websites to the contracts, to the IT systems is different; they won't be able to access each other's account information.
Sorry, but I know for a fact that isn't completely accurate because it's my partner's job, and I've had some good recipes given to me by his colleagues in Singapore, etc, when he's been pulling an all nighter IT call from home.

As for the Santander mention, I've seen Martin Lewis mention them several times on tv over the past year, with specific regards to expats, UK students studying abroad, etc...

For the OP, you'll find more information in these links... John Charcol has been my 'go to' company for mortgage info since the mid 1980s.

https://www.charcol.co.uk/mortgages/...pat-mortgages/

https://www.telegraph.co.uk/personal...t-mortgage-uk/

https://www.skiptoninternational.com/mortgages/expat

https://www.expat.hsbc.com/1/2/hsbc-...tial-mortgages
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  #31  
Old 11.10.2018, 12:36
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Re: Purchasing UK home after leaving Switzerland

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Just an idea, but what about having an account with a bank that's got a presence in both countries, such as Santander? Would a strong credit record with such a bank in CH be visible if the you approach the UK branch, and would it have any sway in mortgage offer decisions?

I know that if you have an American Express account in the UK, you can transfer this to the US if you move out there. This means don't have to build up a credit footprint in the States before banks will give you anything. Worth checking if it would be the same moving CH to UK?
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  #32  
Old 11.10.2018, 13:01
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Re: Purchasing UK home after leaving Switzerland

Pillar 2 pension has two components. Mandatory part which is locked and you can't withdraw on leaving. Extra mandatory part you can. When you take the money out the tax paid is based on the kanton where the bank that holds your freizuzigskeitkonto is resident (so choose a bank in zug/schweiz /etc).

You say you will leave before buying. However, UK bank loan interest is deductable from Swiss income (unless you have income in the UK and the tax inspector decides that you should subtract the interest from the UK income directly).

If you can bring a large (25%) deposit I doubt the banks will care too much.

Rob
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