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 Simon Murphy | Jun 27, 2019 | Releasing cash, UK property
Quite a number of expats can feel a little stuck especially if they are living off their pension income and or investments, and have UK property where a large part of their capital exists !
Many expat lenders have minimum income requirement, for example one bank insists that Expats demonstrate at least £25K (sterling equivalent) in personal income from employment and if it is self employment usually the bar is set higher, one lender requires £100K income if self employed as an Expat.
However there are a small handful of bespoke lenders that have ‘no minimum income’ requirement. So in essence the expat maybe only able to demonstrate state pension income and rental income totalling £11,798, far below the usual £25K required. Yet these lenders will consider capital release and remortgage deals for the expat in the knowledge that the property is self funding from the rent it generates.
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
