Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Kieranmcc
    • By Kieranmcc 14th Sep 17, 6:45 PM
    • 1Posts
    • 0Thanks
    Kieranmcc
    Foreign Income....
    • #1
    • 14th Sep 17, 6:45 PM
    Foreign Income.... 14th Sep 17 at 6:45 PM
    I am employed in the U.K. But also work in Norway (employed) for 2 months of the year.
    We are struggling to find a lender due to the foreign income and tax paid at source. We have spoken to a mortgage advisor and they are running out of ideas. Can anyone else offer advice?
Page 1
    • Edi81
    • By Edi81 15th Sep 17, 6:20 AM
    • 312 Posts
    • 189 Thanks
    Edi81
    • #2
    • 15th Sep 17, 6:20 AM
    • #2
    • 15th Sep 17, 6:20 AM
    Mortgage advisor or broker?

    One of the brokers will be along but there were changes last year in how foreign income can be treated for mortgage lending.
    • amnblog
    • By amnblog 15th Sep 17, 10:19 AM
    • 10,008 Posts
    • 3,894 Thanks
    amnblog
    • #3
    • 15th Sep 17, 10:19 AM
    • #3
    • 15th Sep 17, 10:19 AM
    As a result of these changes a number of lenders dropped foreign currency mortgages, those that didn't slimmed down the currencies they will accept.

    I had one enquirer last year I think working on rigs, paid in Norway, as I recall we had an option at 70% LTV but did not complete as he lost the property.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,196Posts Today

6,856Users online

Martin's Twitter
  • I believe I can boldly go where no twitter poll has gone before https://t.co/HA0jC92gAK

  • OK I'm wilting to public pressure and there will be a star trek captain's poll at some point next week

  • I can get that. My order is 1. Picard 2. Janeway 3. Kirk. Too early to say where Lorca will end up (or would you? https://t.co/kawtCOe9RA

  • Follow Martin