Foreign National Mortgage Advice

Getting a mortgage when on a visa in the UK is not as straightforward as it is for those who have permanent residency or British citizenship. However, with careful research, it is possible to secure a mortgage even if you are living in the UK on a visa.

There are several types of visas which allow people to stay in the UK for extended periods of time. These include Tier 2 (Work) Visas, Tier 4 (Student) Visas and Tier 5 (Youth Mobility Scheme) Visas. Each one has different eligibility criteria and requirements for applicants from outside of the European Economic Area.

Mortgage advice for foreign nationals in the UK

At Premier Mortgage Services we can help you to find the right mortgage product and then make the application.

When applying for a mortgage as a visa holder, it’s important that you have all relevant documents ready. In addition to the standard payslips and bank statements you are going to need to show which visa you are on and the date it expires. Whilst most lenders are likely to need applicants to have a permanent residency, there are lenders that will consider applicants on a visa. Which lender to approach will depend on whether you have been in the country some years, or whether the visa has been renewed and whether there is a minimum time remaining on the visa.
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Having a spouse on the mortgage who is British or does have Permanent Right to Reside will also be viewed favourably. In certain circumstances a larger deposit might be required

Finding a property as a foreign national

If you are wanting a mortgage, you should look to get a mortgage approved before you find a property. Your situation needs to be looked at in detail to find how much you might be able to borrow and how much deposit you are going to need. Your best option is to speak to a qualified mortgage broker.

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