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Mortgages For Non-UK Citizens

If you are moving to the UK to work, it stands to reason that you will need somewhere to live. While many people in this scenario are happy to rent accommodation, if you're planning to stay in Britain for a prolonged period of time, it can make more sense to buy a home. Actually doing this, however, isn't always straightforward.

In order to be accepted for a mortgage, lenders typically take a view of you from a number of different angles. They want to know your credit history - whether you're a reliable repayer of debt - that you live permanently in the UK, that you have a secure income and can afford the mortgage payments. This instantly poses problems for buyers who are moving to the UK from outside of the European Union.

However, there are a few easy ways to put yourself in the best possible position.

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What Our Customers Say

Customer - Buy to Let Remortgage
Super efficient and transparent service. From the first email to the issuance of the mortgage offer, Peter Bartlett was available to provide sound guidance and address every query I had. Although my situation is complex, being an expat, non-UK national, ...Read More
15 days ago

Customer - Purchase
James was excellent in the initial stages; he was knowledgeable, engaged, and proactive. I would give James 5 stars if he had been the only person I dealt with. However, once I was passed over to another member of the team ...Read More
16 days ago

Mark Guy - Purchase
Fast and efficient with no hassle and great deals ...Read More
19 days ago

Customer - Purchase
Fast and efficient service helping us arrange our mortgage. Thank you so much Peter & Anna. ...Read More
20 days ago

Find out more

Establish a Credit History

You can do this by opening a current account in the UK and making regular deposits into it. Additionally, apply for a credit card, spend on it and repay the full amount each month and this will establish a record that you can reliably repay debt

You'll also need proof of address - which if you're looking to buy in the UK can be a bit of a problem. However, it may make sense to rent short term in order to make a mortgage application easier.

Visas

Lenders will want to know how long you have on your visa. This will depend on the type of visa you have and how long you're planning to stay in the country. It is typically slightly easier for those with a tier 2 visa to obtain mortgage finance, as they are able to demonstrate what their income will be through their employment contract. For those staying in the UK on a tier 1 visa, needed if you plan to run your own business in the UK as self-employed or an entrepreneur, it can be a bit trickier.

In the UK, law dictates that mortgage lenders need to have seen evidence that you are able to afford to repay a mortgage they give to you. For those who are employed, this is a straightforward matter of providing confirmation of employment and salary. For those who are self-employed, it can be more difficult. This tends to be because the self-employed don't pay themselves in a standard manner, and for tax purposes, it can make more sense to leave equity in the business, take irregular dividends and avoid taking a monthly salary.

The result is that mortgage lenders usually lend you less than you could borrow if you were earning the same as a full-time employee. In order to prove your income, lenders typically want to see a minimum of one year's business accounts signed off by a qualified accountant. Bear in mind this is the absolute minimum, and it's more likely they'll want to see two or three years of accounts.

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Spousal Visas

Applying for a mortgage when you are in a relationship usually means both of you make a joint application. This can make good sense, as if both of you are working then the amount you are eligible to borrow will rise in line with the double income.

However, if one of the couple is a foreign national living in the UK on a spousal visa, this can have an impact on the number of lenders that are willing to approve a mortgage application.

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Ancestral visas

If you have or had a grandparent who was a British citizen, the UK allows you to apply for an ancestral visa to enable you to live and work in the UK. As above, the length of time that you have been resident in the UK will affect your eligibility for a mortgage. You should aim to establish a good credit history before you make a mortgage application.

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Specialist Support

Securing a mortgage if you are not a UK resident or citizen is tricky but it's far from impossible. There is a range of lenders that are more than happy to lend to borrowers in this situation, but each has different requirements. It's therefore a good idea to use a mortgage broker who specialises in this type of mortgage finance.

We know what each lender is looking for and how they like to see your information and documentation presented to give you the best possible chance of acceptance. Because we have long-established relationships with these lenders, we are also usually able to help you secure a competitive mortgage rate in line with those offered to UK residents rather than you having to pay a premium.

Find Out Current Best Rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
LenderInitial RateTypeForThenAPR*ERC*Fee
Progressive BS Northern Ireland Co-Ownership 2 Year Discount No Fee Purchase BPG1.48%Discount2 years5.49%4.86%2 years £0
Progressive BS 2 Year Discount No Fee Purchase Family Assist BPG1.48%Discount2 years5.49%4.86%2 years £0
Progressive BS 2 Year Discount No Fee Purchase BPG1.48%Discount2 years5.49%4.86%2 years £0
Progressive BS 2 Year Variable No Fee Purchase Foreign Currency Loan BPG1.58%Discount2 years5.49%4.88%2 years £0
Beverley BS Complete FS 2 Year Discount £1895 Fee Purchase BBV1.77%Discount2 years5.24%4.9%2 years £1895
Beverley BS 2 Year Discount £1895 Fee Purchase BBV1.77%Discount2 years5.24%4.9%2 years £1895
West Bromwich Building Society 2 Year Discount £999 Fee Purchase Free Val WBB1.89%DiscountNov-20244.79%4.4% £999
Skipton BS 2 Year Tracker £995 Fee SBS1.91%Tracker2 years4.89%4.1% £995
Scottish BS 2 Year Discount £995 Fee £250 Cashback for Remortgage England Postcodes BSO1.99%Discount2 years5.75%5.3%2 years £995
Scottish BS 2 Year Discount £995 Fee BSO1.99%Discount2 years5.75%5.3%2 years £995
Mortgage product availability is subject to status and availability. Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions.
*APR = Annual Percentage Rate *ERC = Early Repayment Charge
*These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.

Best Discounted Rates

LenderRateType
Progressive BS Northern Ireland Co-Ownership 2 Year Discount No Fee Purchase BPG1.48%
then 5.49
(variable)
DiscountRead More
Progressive BS 2 Year Discount No Fee Purchase Family Assist BPG1.48%
then 5.49
(variable)
DiscountRead More
Progressive BS 2 Year Discount No Fee Purchase BPG1.48%
then 5.49
(variable)
DiscountRead More

Best 5 Year Fixed Rates

LenderRateType
Monmouthshire BS 2 Year Fixed £999 Fee Energy Efficient Home Purchase (A Rated EPC) BMO2.89%
then 5.49
(variable)
FixedRead More
Yorkshire Building Society Direct 5 Year Fixed No Fee Purchase £400 Cashback YBS3.15%
then 4.99
(variable)
FixedRead More
Progressive BS 2 Year Fixed No Fee Purchase Family Assist BPG3.19%
then 5.49
(variable)
FixedRead More
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