- Tier 1 & 2 Visas
- Ancestry & Entrepreneur
- Spouse Visas
- No Minimum Time in UK
- No Minimum Time on Visa
- From 5% Deposit
- Foreign Currency Income
Mortgages for Foreign Nationals
The rules and criteria for foreign nationals obtaining a mortgage in the UK are complex. Typically, customers using our service tell us they have spoken to their bank or other mortgage consultant, only to be let down at the last minute. A number of mortgage lenders provide decisions in principle to foreign nationals, but when it comes to the full underwrite, soon realise that they pose very different challenges. This can lead to both disappointment and the inevitable wasted costs and energy on both sides.
We deal with numerous foreign nationals on a visa, looking to buy their first home. On contact, they often tell us they are nervous about the whole finance process. There are thousands of loan products being advertised nationally but they appreciate they may not meet the criteria for the majority of the advertised interest rates. They share with us that they are anxious they will get caught out by the small print.
Many foreign nationals we speak to want to own their own home, or take advantage of the right to buy and see it as a more cost effective option to renting. In addition they understand that on becoming a UK homeowner, their eventual entitlement to permanent rights to reside may be strengthened.
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