UK Expatriate mortgages.

 house purchase

buy to let

remortgages

fees & costs

Expatriate mortgages for a new house purchase.

If you wish to buy a house in the UK and use it as your primary residence, some lenders will consider advancing up to 95% of the purchase price.

Lending criteria and mortgage terms vary tremendously and different lenders will use their own policy to determine a maximum loan figure. 

In addition to the offshore lenders, a number of UK based banks and building societies will now consider applications from British expatriates planning to purchase a home in the UK.

Expatriate lenders will use income multiples, affordability and employment status before offering mortgage terms. Some lenders have strict policies and rigid lending criteria whereas others are more flexible and consider individual circumstances before issuing a mortgage offer.

Expat mortgages - our experience counts.

We've been sourcing expat mortgages for a long time, and we know exactly which lenders will consider your application from the outset.

We can save you considerable time and expense when applying for a mortgage and we'll  use our experience to ensure your application is successful first time

Unfortunately some lenders who initially accept applications from expats decline them later during the underwriting stage when strict  lending criteria cannot be fully met.

Generally speaking, the following table should give you a good idea of the maximum Loan To Value (LTV) available if you're considering buying in the UK.
 

Expat mortgages and UK mortgage regulation

Since October 2004, the selling of UK mortgages has been overseen by the Financial Services Authority (FSA).

For regulated mortgages you should now be able to find clear comparable information about the service you receive and the mortgage itself. This also means that when you ask us to give you mortgage advice you can be assured that we'll offer you a mortgage that best fits your needs.

The FSA now has strict guidelines with regard to mortgage pricing information and how mortgages are advertised. For example, for regulated mortgages the Annual Percentage Rate (APR) should be displayed more prominently than the mortgage rate itself.

When comparing mortgage products the APR is more significant than the mortgage interest rate, this is because the APR will indicate the true cost of the mortgage including start up costs and any lenders fees. As an example, costs and fees may be higher for mortgages with low interest rates and no early repayment charges if you switch to a different lender.

UK Expatriate mortgages are regulated if more than 40% of the property being purchased will be occupied by the purchaser or a member of the purchaser's immediate family. Mortgage regulation also applies to "buy to let" property if  you or your family have an intention to return to live in more than 40% of the property.

Your property may be repossessed if you do not keep up repayments on your mortgages.

expat mortgage rates

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The information contained within this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK and UK expatriates.
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