by admin | Nov 12, 2025 | credit footprint, credit reference, Expat mortgages, Mortgage rates, Releasing cash, Switch mortgages, UK mortgage
Credit Blips ! Is the Mortgage a No Go?
Welcome to a further edition of INSIGHTS a newsletter covering aspects of UK mortgages for clients with complex circumstances.
Mortgage lenders are becoming more tolerant of minor issues, and especially where plausible explanations are provided. However if you have a low or no score then there are some things you can do to improve your credit file in the UK if your overseas or not.
In the following we explore:
- Three credit ref agencies
- How to address any blips
- Why small credit facilities can help
Insight -Some lenders accept a low score or they dont use machine credit ratings, rather they have manual credit file via underwriter checks.
Here’s a case study – 2 min video YouTube below:
Improve your Credit file
What if you don’t have any credit file in the UK?
There are some lenders who will permit no credit rating in the UK, provided they have visibility in country of residence or if they can establish a previous UK credit footprint ( which is slight different to a score)
Case Study –
Mr Spears – UK Expat in UAE – had been outside UK for over 10 years so no credit footprint or Score in the UK, he did though have a good credit score in UAE and he was earning over £150K GBP along with wife (Non UK national) .
Property Value £500K Mortgage Needed £375K
Deal Sourced – £375K on 20 Yr term Capital & Interest
4.5% 5 yr fxed
Monthly Cost:£2,374 pcm
Market Updates
- House Price Data released for October and is showing a slight rise month on month Annual house price growth edges higher in October
- The Autumn budget is 2 weeks away, and some landlords are holding their breath.. as extra taxes on Landlords is being seen as likely – but should Landlords be quick to panic or leave the market – here’s the view from one expert
- If you’re an aspiring Landlord then this report might make your ears pick up with rent yields reaching their highest in a decade! read here
Next Steps…
Book a Free Discovery call here & if your not sure what a discovery call is all about Ive made a series of videos on what to expect here.
A Great way to get frequent updates, hints & tips and insider industry knowledge of the complex / expat mortgage market is to join our YouTube channel here.
Our Quick 60sec Quote page allows you to obtain the latest rates to be expected and you can request a specific quote by sending an email to info@mymotgagedeal.co.uk
by admin | Oct 30, 2025 | Expat mortgages, Releasing cash, Switch mortgages, UK mortgage, UK property
Expats contemplate returning to UK
UK Mortgages to Age 100+
Welcome to a further edition of INSIGHTS a newsletter covering aspects of UK mortgages for clients with complex circumstances.
We’ll discuss how UK mortgage lending has changed beyond recognition in recent years, with many clients stating at the outset ‘Im 67 so Im probably too old for a mortgage’ Not any-more.. the mortgage market for the UK has literally matured with the population! and we explore what is possible.
Here’s a case study – 2 min video YouTube Here:
UK mortgage to Age 100+ scenarios
Two important points to Note:
Buy to Let (BTL) Mortgage – With buy to let mortgages, lenders focus on the rental income from the property, not your age, job, or salary. So even if you’re retired or on a lower income, you could still qualify, as long as the rent comfortably covers the mortgage payments. For instance, we recently helped a 73-year-old expat in France, living on a £12K pension aside some other incomes, secure a £300K mortgage on a £450K property simply because the rental yield made it work. In fact, the mortgage term ran all the way to age 90!
Residential (Own Use) Mortgage – Residential mortgages are different because affordability is based on your own income and outgoings, now and in the future. Lenders want to see that you can manage payments into retirement — but the good news is, they’ve become far more flexible. Many now offer Retirement Interest Only (RIO) mortgages or even capital & Interest repayment terms up to age 100+. These options can help keep payments affordable, free up your budget, and let you stay in the home you love while still holding onto a healthy amount of equity.
Case Study –
Mr & Mrs Sands – Returning Expats from France – sold a property and now had £200K to put into a UK property to Re-patriate to.
Mr- age 75 £35K pension with civil service Mrs 69 – Basic State Pension £11K
Property Value £350K Mortgage Needed £150K
Deal Sourced – £150K on 30 Yr term Capital & Interest basis
To age 105 on Mr
Monthly Cost:£855 pcm
Market Updates
- Further improvements for Expats!! a lender has launched a new Consumer Buy to Let product. We will cover this is a later editions. Consumer Buy to Let (CBLT) means a person either used to live in the property, inherited it or intends a family member to occupy it. This is an underserved area for Expat lenders so its great to see another player in the market.
- Expat BTL lending saw a new 85% LTV deal also launched last week, it was quickly withdrawn probably due to demand, but get in touch if you want to be alerted to any other relaunches at that level of borrowing.
- The drive in on to build more homes in the UK, but this interesting report details why it may not be viable in 50% of the UK read here
- If your thinking of increasing rent on any of your properties next year you are not alone or in the minority read here
Next Steps…
Book a Free Discovery call here & if your not sure what a discovery call is all about Ive made a series of videos on what to expect here.
A Great way to get frequent updates, hints & tips and insider industry knowledge of the complex / expat mortgage market is to join our YouTube channel here.
Our Quick 60sec Quote page allows you to obtain the latest rates to be expected and you can request a specific quote by sending an email to info@mymotgagedeal.co.uk
by admin | Oct 28, 2025 | Expat mortgages, Re-mortgage, UK mortgage
Welcome to another edition of INSIGHTS a newsletter covering aspects of UK mortgages for clients with complex circumstances.
We’ll discuss how UK mortgage lending can be offered to ANY nationality and in over 200+ countries, be that UK expat clients living overseas or Non UK nationals recently arrived to the UK under a skilled worker visa or other.
Here’s a case study – 2 min video YouTube below:
Expat / Any Nationality
Foreign Nationals mortgages in the UK
ANY nationality can obtain a UK mortgage
Two typical cases we encounter as a specialist broker:
Situation 1 – Non-UK nationals new to the UK, very few lenders consider clients lacking Indefinite Leave to Remain (ILR), or if they do, they limit lending to 75%, requiring a substantial 25% deposit. With our advanced criteria checking technology, we can find lenders willing to offer up to 90/95% without ILR and a 5-year fixed option could improve affordability as demonstrated in the case study above.
But what if you live/work overseas earning non £GBP with your family in rented UK accommodation? and you wish to move them into their own home!
Situation 2 – UK Expat/Other Nationals – living outside the UK, earning non £GBP income seeking a mortgage for personal/family use. This is challenging as few lenders accept this situation since it’s not Buy to Let, prompting additional affordability checks. However, a few lenders are open to it, allowing UK expats up to 90% and Non-UK nationals up to 80% lending. While clients might not obtain the lowest rates, it’s still more economical than paying rent for family in the UK!
Market Updates
- The September ONS data is out with rents increased by average 2.8% in the UK. Interestingly there are also regional data to help you spot the property opportunities as a landlord read the article here.
- Things are improving for Expats!! wanting to buy for their own/family use with on Expat lender increasing their loan to value to 90%, you will need a good credit score and earnings of at least over £50K to qualify.
- Want to merge personal name property into ltd co ? this is a must see video on bringing property income & stamp duty tax to ZERO with these hints and tips from a UK tax specialist watch here>>
- See where average property prices sit year to date with this Nationwide report for September
Next Steps…
Book a Free Discovery call here & if your not sure what a discovery call is all about Ive made a series of videos on what to expect here.
A Great way to get frequent updates, hints & tips and insider industry knowledge of the complex / expat mortgage market is to join our YouTube channel here.
Our Quick 60sec Quote page allows you to obtain the latest rates to be expected and you can request a specific quote by sending an email to info@mymotgagedeal.co.uk
Recommend a Friend
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by admin | Jun 14, 2019 | Expat mortgages, UK property
Absolutely you can, it is easier to obtain finance in the UK, especially if you want to purchase or remortgage with the intention to let the UK property out, thereby the UK bank will consider the UK mortgage as being self funded by the rent that it generates.
How do you work out affordability for a UK mortgage even if you have a Spanish mortgage too? Well as long as your personal income supports the Spanish mortgage adequately and you have enough for deposit and rainy day savings etc. then the UK bank bases its lending decision on the rent the property generates.
For example. Suppose you own a UK property worth £300,000 and it generates rent of £895 pcm.
A UK bank calculates that the amount able to be borrowed would be approx. £190,000 this is based on a stress rate of 125% at 4.5%.
Mortgage payments on £190,000 on interest only would be £568 pcm leaving a £327 pcm gross profit.
Simon Murphy is an International Mortgage Broker who resides between Spain | Ireland | UK
Having been in finance for over 17 years & as a Qualified & FCA Regulated UK mortgage professional he can give expert mortgage advice to Expats Worldwide, UK residents & those considering buying abroad with a foreign currency mortgage.
Testimonial
Thanks for your help and dedication in securing my mortgage. Especially since Id changed my job role recently, without your intervention I may have lost the property! At last I’m packing boxes..
Mrs A (South West), Home Mover
MY MORTGAGE DEAL
0044 (0) 7456 727 626
INFO@MYMORTGAGEDEAL.CO.UK
by admin | Jun 10, 2019 | Expat mortgages, Re-mortgage, Switch mortgages, UK property
Ah..Ha this is one of my favourite questions… why !! you may ask..UK properties for expats: well up to recently mortgages fell into two camps either 1) Owner Occupier or 2) Buy to Let (Tenanted) this was vital to categorise because it would determine if a mortgage was classed as regulated or non regulated.
Then comes along a scenario where a property is used for short term let ie: Holiday or air BnB but also may be used by owner or family at times.
Where does this fit?
Technically its still non regulated, because it is not a principle residential home and is more on the commercial side of things.
Then to complicate further what if an Expat wanted to purchase one of these properties? .. Pleasingly there are a bespoke number of specialist mortgage providers who will consider Expats who are first time buyers, buying a property for Holiday/Air BnB lets with some personal use considered.
This is an area that I think more lenders should consider, the yields on good holiday and city property are excellent, and with more routes to find short stays such as booking.com and homeaway.co.uk the property can maximise its potential. Additionally if a property owner also wants some personal use when they visit the UK, then they are also likely to take good care of it.
Simon Murphy is an International Mortgage Broker who resides between Spain | Ireland | UK
Having been in finance for over 17 years & as a Qualified & FCA Regulated UK mortgage professional he can give expert mortgage advice to Expats Worldwide, UK residents & those considering buying abroad with a foreign currency mortgage.
Testimonial
Thanks for your help and dedication in securing my mortgage. Especially since Id changed my job role recently, without your intervention I may have lost the property! At last I’m packing boxes..
Mrs A (South West), Home Mover
MY MORTGAGE DEAL
0044 (0) 7456 727 626
INFO@MYMORTGAGEDEAL.CO.UK
