Hi, I am a British Citizen, marrying an Australian Citizen, but even so I won't be made an official Permanent Resident for another 2 years. Please can you inform me of our mortgage options with regards to borrowing 90 or 95%..?

If you are purchasing the property with your husband on a Interdependency (subclass 310/110 and 826/814) or Spouse (subclass 309/100 and 820/801) visa then you may be able to borrow up to 95% of the property value and will also qualify for the First Home Owners Grant.

If you are purchasing the property on your own then you may borrow up to 90% of the property value but will not qualify for the first home owners grant. You will also need to have Foreign Investment Review Board (FIRB) approval to buy a property if you are not staying in Australia for more than 12 months. Most people on temporary visa’s of these types buy investment properties. If you want to buy a home to live in then this may be acceptable as long as you sell the property when you leave Australia.

Cheers
Tina