Are you a foreign national looking to buy property in the UK?
We’re here and ready to talk you through the process of applying for a mortgage. We can help with all aspects of finance and lending from the very beginning of the process through to re-mortgages or potentially other types of eligible finance for you.
Our team of brokers have years of experience in the industry and are able to let you know exactly what documents you’ll need, how much you’ll likely qualify for, what type of properties you might be able to borrow against and what sort of deposit you’ll need. Thanks to our years in the mortgage industry we have a number of exclusive relationships with our panel and can get you the best rates and deals available.
How to get a mortgage for non-UK residents
The application process starts by speaking to one of our brokerage team who can start to understand your mortgage needs. They’ll ask things about where you live, what your financial situation is like, whether you already have a property in mind and what your credit history is like. They’ll be able to understand in greater detail what your income is like and where it comes from and recommend some lenders from our panel that may be able to help you whilst getting some agreements in principle.
Can foreign nationals get a Buy to let mortgage?
A foreign national can get a Buy To Let (BTL) mortgage, but again this tends to be a little more complicated than a citizen applying for and obtaining a mortgage in the UK.
The same principles apply in your application in that the location of the property, your deposit, your track record and your income are all contributing factors. Again, the process of approaching individual lenders for a foreign national can be cumbersome and time consuming so we’d recommend speaking to our team of brokers who can talk you through what might be available to you.
Joint mortgage with non-UK resident
A UK citizen can in some circumstances get a mortgage with a foreign national, however, this will inevitably make the process more complex and the same questions are likely to be asked by the lender.
As a foreign national they’ll want you to show where you’re currently living, where you get your income from and whether you’re intending to live in the property as well as where you’re looking to purchase your house.
It’s actually a little easier as a joint application with a UK citizen than doing a mortgage application on your own as a foreign resident or citizen. If you’re living in the UK and earning your income here that also simplifies matters, however, our team have years of experience and have helped to fund millions in loans across the UK and for lots of different types of lending.
If you’re unsure and want a little more advice about your situation and which lenders may be able to help you out with your mortgage application, then simply get in touch and we can give you some more information.
Can I get a mortgage without indefinite leave to remain?
It’s certainly possible but, again, it’s not straight forward and your immigration status will inevitably affect your application as lenders will want to see that in the event of you leaving the country you’re still able to pay your mortgage and meet your lending obligations.
This situation will likely be affected by your job or where you earn the majority of your income. If your main source of income comes from abroad then it may help as your immigration status is less likely to affect your long term ability to be able to pay your mortgage but, ultimately, this will come down to your individual circumstances.
Because we operate as an intermediary and have a large panel of lenders, we’re able to consider all types of personal circumstances when progressing applications for a mortgage even from foreign nationals. If we need some extra information from you, we can tell you everything you’re likely to need to be approved from a mortgage provider.
This allows you the time to get everything you need together to get some agreements in principle from a number of lenders, rather than needing to approach them all individually which can be very time consuming. We’re then able to show you your options with a number of providers and you can then choose the one that best suits your circumstances.
Because we have a lot of experience we also have great relationships with our finance providers and this means that we won’t submit applications before we know they’re ready and likely to be accepted, this also gives you the confidence that you’re in the best possible position to get the right finance for you.