Non-UK National Mortgage FAQ
Can I get a mortgage if I am a non UK national?
Yep, absolutely. It depends on factors like length of time in the UK, residency status (settled, pre settled, VISA), income levels amongst others. We frequently help non UK nationals on VISA’s, who have been in the UK for over 2 years, obtain mortgages with as little as a 10% deposit.
What are the requirements to get a mortgage in the UK if you’re a non-UK citizen?
There are a few lenders which require you to be a high earner. For example, there are more options for people earning more than £75,000. Likewise, if you have more than 25% deposit, some lenders have no minimum time in the UK at all.
What are the requirements to get a mortgage in the UK if you’re an EU citizen?
Since Brexit mortgage lenders have adjusted their policies. As long as you have settled or pre settled status, this is treated as permanent residency by many mortgage lenders. You may still need to have been resident in the UK for an amount of time such as 2 or 3 years.
What are the requirements to get a mortgage in the UK if you’re a Non-EU citizen with indefinite leave to remain?
The good news is that lenders will treat an individual with indefinite leave to remain the same as a UK passport holder, so the mortgage requirements are simply those faced by any applicant such as length of time in the UK, income, credit, property etc.
Can I get a mortgage in the UK if I am a Non-EU citizen without indefinite leave to remain?
As is often the answer, ‘It depends’. The main consideration is often simply how long you have been living in the UK. Some lenders have a minimum amount of time in the UK, others have no minimum but instead require you to pass a sympathetic credit score. We therefore recommend that anyone that’s moving to the UK tries to obtain a credit builder credit card and/or overdraft as soon as possible if they’re intending on getting a mortgage. Some lenders make concessions to their normal policy if your deposit is over 25% of the purchase price or if you earn over £75,000.
How long do I need on my visa to apply for a UK mortgage?
It’s not actually as important as you might think. Lenders are typically more interested in how long you have been here as opposed to how long you have left on the visa. That said, there are a few that require over 2 years left on your visa. If you have less than two years, don’t worry, we can possibly still help.
Can I still apply for a mortgage if my type 2 visa is due to run out?
Yes!
Do mortgage lenders accept applications from people who don’t have indefinite leave to remain?
Yes!
How much can I borrow if I am a non-UK citizen?
Your borrowing potential is not impacted by your residency. If a lender is happy to lend based on your residency. The amount you can borrow is related entirely to your income.
Can I get a mortgage in the UK if I am an EU national and my credit is poor?
Yes. Whilst residency and poor credit history will limit the market that’s available. It is still perfectly possible to obtain a mortgage.
Can I get a mortgage in the UK if I have a complex income?
Complex income, by its very nature, can be complicated! Lenders are most interested in how reliable the income is, chances are, if you have had the income for a few years and it’s likely to remain. Then you’ll be able to use this income.
Can I get a mortgage in the UK with a work permit?
Yes. There’s a few considerations if you’re on a permit. Too many to list here, you should probably give us a call.
Can I get a mortgage if I am an expat living abroad?
Yes. There are loads of products which are designed specifically for expats living abroad.
Can I get a UK mortgage if I am a foreign national living abroad?
Yes, it’s still possible to buy a property in the UK.
