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    • Kieranmcc
    • By Kieranmcc 14th Sep 17, 6:45 PM
    • 1Posts
    • 0Thanks
    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
    • 413 Posts
    • 279 Thanks
    • #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
    • 10,327 Posts
    • 4,085 Thanks
    • #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.
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