U.K. Buyer                                            

The most efficient way to obtain a mortgage with the best interest rate available to buy property in Canada will require you to satisfy the following conditions:

	satisfactory copy of U.K. Equifax Credit and Rating Reports
	provide copy of Landed Immigrant Visa (or confirm application for Landed Immigrant Status has been made)
	have 35% of purchase price for down payment - source of down payment needs to be confirmed and money in a Canadian bank account approximately two weeks prior to possession date.
	will also require 6 months worth of Principal and Interest (P.I.) payments to be on hand in a Canadian bank account
	Need to sign all legal documents in person with a Canadian lawyer (cannot use power of attorney)

If you are able to satisfy the conditions stated above, you will not have to qualify based on income or debt servicing capabilities.

To obtain a mortgage with as little as 5% of purchase price for down payment would require you to qualify and satisfy more criteria.  Please see New to Canada Program page for more information.

It is best to obtain your own copy of both the Equifax Rating Report (3 to 5 pages) and Equifax Credit Report (up to 20+ pages).  These reports will not only help with getting a mortgage but also for arranging other forms of credit once you are in Canada.

UK Equifax Reports - by ordering the one that costs 14.95 you should receive both

                               reports.