Expat Mortgage Broker Services

Yes, many UK lenders offer expat mortgages however the terms and criteria may vary compared to standard residential mortgages. If you live overseas, but are applying for a UK mortgage as an expat it can have its challenges. Expatriates are often considered to be ‘high risk’ by most high street lenders as pursuing debt overseas is undeniably harder than in the UK however it is certainly possible to get a UK mortgage as many lenders offer specific expat mortgage products designed for individuals living overseas but who wish to buy a property in the UK.

If you’re employed full time, it will be easier to get a mortgage if you work for a globally- recognised company but Key Solutions can help take the pressure off and help you secure the funding you need, whether that be for a residential property or a buy to let investment.

Typically the deposit requirement for an expat mortgage ranges from 25% to 40% of the property’s value. For both a residential or a buy to let mortgage in the UK, a 25% deposit is required, however, if your circumstances are right it is possible to find expat lenders who will accept a 10-20% deposit.

Expat mortgages present a higher risk to lenders due to complications with verifying overseas income and the perceived instability of living abroad, therefore they can be more expensive than standard UK mortgages in terms of interest rates and fees.

Yes, you can get a mortgage in the UK even if you don’t live there. This is facilitated through expat mortgage brokers. Owning a home in the UK can offer a safety net if you are thinking of returning to the UK. Many highstreet lenders don’t offer expat mortgages so that’s where Key Solutions can help.

For standard mortgages, the general rule is you need to live in the UK for three years as lenders typically prefer applicants who have a stable history of living and working in the UK. Many lenders offer mortgages to non-residents and expats also.

Yes, you can get a mortgage in the UK with foreign income even if you live in Spain. While it may be more challenging due to the need for lenders to verify your foreign income, many lenders provide expat mortgages to UK nationals and foreign nationals residing in other countries, including Spain. Foreign income refers to any money earnt outside of England, Wales, Scotland and Northern Ireland including the Channel Islands and Isle of Man. Foreign money could be money you earn by working abroad or providing services to companies based outside of the UK. The standard process for foreign currency mortgage applications is for income to be converted into the pound sterling first.

This is usually done based on the lender using particular exchange rates or average rates. A discount percentage will be applied to the income to allow for currency fluctuations and will vary depending both on the lender and on the stability of the currency.

You are eligible for a buy-to-let mortgage in the UK if you live abroad. There are specific buy-to-let mortgage products available for expats and non residents. It is important to consider your eligibility for a buy-to-let mortgage and be aware of the deposit requirements as they are typically higher than for standard residential mortgages ranging from 25%-40% of the property’s value. Most lenders have minimum and maximum age limits typically starting from 21 up to a maximum of 70 or 75 and you may need to provide proof of income such as a payslip, tax return or bank statement to verify your income and to improve your chances of securing an expat mortgage.

UK banks typically do not offer mortgages for purchasing property outside the UK. They do however offer mortgages to non residents and expats for buying property in the UK. it is often found that deposits in other countries are larger than those in the UK meaning that when overseas you may have to pay 30%-40%.

LTV stands for Loan-to-Value and generally ranges from 60% to 75% ratio for an expat mortgage. This means that a deposit of 25% to 40% of the property’s value would be needed.

Yes, you will be able to get a mortgage if you have just moved to the UK. Expat mortgages are designed for former UK residents who want to buy a property in the UK or have recently moved back to the UK.