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. 

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.

Im an Expat wanting to buy back in the UK so what is the maximum I can borrow against the value?