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
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Share our service with a friend or colleague who might find it helpful. If they quote the code INSIGHTSMMD they’ll receive a £99 discount on fees, and you will receive a £50 voucher.
by admin | May 6, 2019 | Expat mortgages, UK mortgage, UK property
What sort of mortgage rates can I expect to pay as an Expat with UK property ?
Mortgage rates for expats are not as attractive as ‘standard’ UK mortgages, however this is because the lender is taking a greater risk, as the person they are lending to is not a resident where the property is.. for example, it is pretty easy to get UK mortgages priced at around
1.75% > 2.1 % UK standard market ( as at April 2019)
Compare that with Expat lenders:
2.89% > 4.14% Expat ‘Buy to Let’ market ( as at April 2019)
So in many cases there is a 1 – 2% differential. But it is not a crazy differential and if you reside in a place like Dubai where there is no income tax, you may be happy to accept a slightly higher mortgage rate.
Additionally there are usually entry fees for expat mortgages such as a valuation and application fee. It would be wise to budget 1-2% for these too.UK Mortgage rates for Expats
What factors increase the rate? there are a number of reasons : (not exhaustive)
- Non sterling income – currency risk
- Earning below £25,000 – affordability risk
- Type of property – if above or near commercial
- Type of tenant – student let versus standard
- Non UK tax payer
- Only getting income in a foreign currency
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 | May 6, 2019 | Expat mortgages, UK mortgage, UK property
As an Expat residing overseas, what is the maximum age I can take a UK mortgage to?
Whats the oldest an Expat can take a UK mortgage to. A really good question, most expats with a mortgage in the UK are likely to ‘rent’ out their property under an AST (Assured Shorthold Tenancy) , if this is the case and the person renting is not a relative, it is more straight forward, because under UK mortgage regulations, this type of mortgage is a BTL and is not regulated.
What this means is the terms you can obtain are more flexible including when the mortgage term can finish. Most Expat BTL lenders permit a term to age 85. However some even permit a 90+ term end and one or two have a ‘no max age’ at term end.
Why have a mortgage to your 90’s ?? sounds crazy… Well remember as a BTL mortgage the tenant is in effect paying the mortgage while you can use your own funds for other purposes, and as rates are pretty low, this frees up your own capital to enhance your lifestyle or invest for higher returns.
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 | Apr 30, 2019 | Expat mortgages, UK mortgage, UK property
How much can an expat borrow against the value of a UK property
Many Expats are earning in high paying professional roles in Accountancy, legal and Gaming worldwide and they would prefer to re-invest back in property in the UK, a region they know well and where there is added benefit of a housing rental demand, more secure regulations and decent rental yields!
So how much can an Expat borrow..? if the property is to rent out to a generic tenant then the max available currently as an Expat BTL is 80% more likely is 75% with rates from 2.89%
Many Expat lenders stipulate a min loan size or property value of £75,000.How much can an expat borrow against the value of a UK property.
Additionally, some Expats want to buy, but not to rent it out, it will be their property to reside in, but not just yet. This is called a Buy to Live mortgage, very few lenders offer this, but there is a possibility of 85% loan against the value. Rates from 3.3%
There a definitely less barriers than a few years ago to enter the UK property market as an Expat.
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
