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  home > services > international services > expat mortgages


Expatriate Mortgage Plans & Solutions from a Specialist Mortgage Broker based in the UK.

 
 
 

 house purchase

buy to let

re-mortgages

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. 
 


Both UK and offshore banking institutions will consider  applications from British expatriates looking to purchase property in the UK. Lenders use income multiples, affordability and employment status before offering mortgage terms - some lenders have strict lending policies whereas others are more flexible when considering each mortgage application.

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.

Employment status

Max LTV

   
  Employed

80%

   
  Employed with Multi-National Company

85%

   
  Employed and returning to the UK

95%

   

Protecting your interests.
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 advice, we should offer you a mortgage that best fits your needs and must consider how much you can borrow with regard to responsible lending rules.

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

 
 


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.

Disclaimer

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