Mortgages
Mortgages for foreign nationals
There is no hard-and-fast rule for the amount of time you should have been living in the UK before you can obtain a mortgage, but generally most lenders will require at least two years.
Foreign nationals mortgage information
There is no hard-and-fast rule for the amount of time you should have been living in the UK before you can obtain a mortgage, but generally most lenders will require at least two years.
The reason for this is that it ensures you have been in this country long enough to build up a reliable credit history.
Applicants on a Visa are generally acceptable and income may be used in the affordability calculation subject to the following:
- Minimum 1 year of residency in the UK
- Maximum 90% LTV (The LTV restriction can be disregarded where one or more applicants are UK nationals or have Indefinite Leave to Remain)
- Minimum of 2 years remaining on the visa*.
*In cases where the remaining time on the visa is less than 2 years, we may be able to consider the application. However, if the remaining time on the Visa is 6 months or less, we would expect a new extended Visa to have been applied for.
Your home may be repossessed if you do not keep up repayments on your mortgage
Genius Mortgage Advice
Why choose us?
We take the time to understand your requirements, find a way forward whatever the circumstances, and then stay the course until your mortgage is offered, and the transaction has completed.
We want to develop relationships with borrowers that last as long as your mortgage term, and are as wide as to include family and friends.