Expatriate Mortgages

Mortgages for Expatriates

Expatriates live and work outside of the UK.

Because they are not resident in the UK, lenders are unable to properly assess how credit worthy the applicants are, consequently only a relatively small number of lenders will lend to Expats

Many expats intend to return to the UK at some point. Some will choose to buy a property in advance of their return.

These mortgages can be on the basis of owner or family occupation or property can be held as investment properties

Home Purchase for Expats

Home Purchase is possible providing you have immediate family who will occupy the property. 

You can't buy the property and leave it empty.

If you do not have immediate family then you should let out the property either using a 6 or 12 month Assured Shorthold Tenancy (AST) or you might prefer a shorter term holiday let solution

We have reviewed both letting options below

Buy to Let for Expats

One popular option for expats is to let the property out while they are away from the UK. The rental income will then cover the mortgage payments

Mortgages are available with a minimum 20% deposit.

A 25% deposit will give you more choice of lender

The minimum rental period will be 6 months with most landlords agreeing a 6 or 12 month term. 

At the end of this term, you can choose to end the Tenancy or you might either agree another fixed term tenancy OR the agreement rolls onto a periodic Tenancy which requires just one months notice from either party. Although it is possible to agree longer terms for your Tenancy beyond 6 or 12 months, you should check that any longer term is acceptable by the mortgage lender

We strongly recommend that you employ a letting agent to manage your property. The letting agent will be able to manage the property and arrange new Tenancies as and when required

You can be employed or self employed

You can be paid in a local currency

The rent needs to cover the mortgage payments by a suitable margin

We have access to lenders who will take into account your earned income

For more information visit Buying to let

Holiday Let for Expats

Holiday lets are short term lettings which demand a higher level of engagement but potentially offer a higher return

Holiday let Mortgages are available with a minimum 20% deposit.

A holiday let mortgage will permit you to let your property for days or weeks but you will need to maintain your property at a high standard, so will need to arrange cleaning between lets

You will need to have someone as a local contact to manage your property

We strongly recommend that you employ a holiday letting agent to manage your property

For more information regarding holiday lets - please visit Holiday let Mortgages

Expat Mortgages with no Broker fees

Mortgage lenders have different lending criteria. Not all schemes will be available to expatriates. We know which lenders will lend and in what circumstances

We won't forget that you are our client, so we will bring to your attention any issues which we think you should know about

So how much does this cost you?

Nothing, not a bean.

We do not charge you a fee for a arranging a mortgage secured against a UK property - providing your mortgage is at least £100k

We arrange mortgages for UK expatriates, either currently working abroad or recently returned to the UK. You may be buying a home for your family, re-mortgaging for a better interest rate or considering a buy to let. Whatever your mortgage requirements, we can help.

We can help expatriates purchase a property in the UK . This might be your family home, a holiday home, retirement home or buy to let

We are able to identify which mortgage lenders are available to you. We also have access to exclusive mortgage schemes not available direct.

We know which lenders will lend in your situation and we know what they will look for.

We are on your side. Fill in the Enquiry form now 

How to apply for an Expatriate Mortgage

Start by filling in our Enquiry form

We will establish what you want to do and if this sounds possible

We will invite you to our online Client Portal

Here you will be able to add information about your situation and upload supporting documents

We will discuss options and will send full illustrations for any deals you are interested in

If you are happy to proceed we will submit a mortgage application

This can all be done quite quickly!

Remember, there are NO BROKER FEES providing your mortgage is at least 100k

We are here to help. Fill in the Enquiry form now 

Mortgages for Mariners or Merchant Seaman

You may be employed by a UK or International shipping company. Or you might be a Captain on a Yacht. 

Merchant Seaman enjoy a favourable tax status owing to the length of time they are away from the UK

If you have decided to buy a property in the UK we are in a good position to help with your purchase

You must be a UK National or have full rights of permanent residence in the UK

You can buy a property as your principal home or you might choose to buy property in the UK to let out

We do not charge any broker fees providing your mortgage is at least 100k

We are on your side. Fill in the Enquiry form now