UK mortgage from abroad

trustyjim369

hi, any thoughts on situation below greatly appreciated:

- need £180k loan to add to £70k deposit (home value £250)
- joint mortgage with partner.
- i have a small UK mortgage already (buying 50% of one UK property with a friend)
- both me and my partner live and work in Switzerland, so are paid in Swiss francs.

which leaves me with the following questions:

- are 'we' a first-time buyer (despite my interest in another flat)
- does this need to be a buy-to-let? (we will stay in Switzerland but initially will probably use the flat as a weekend home whilst decorating ready to let out)
- anyone know any good buy to let options from internationally?

thanks,

MT

herbiesjp

These scenarios can be relatively straight forward - last one I did was from Bermuda! So being closer to the EU, makes lenders feel a little safer as well

FTB or not, is not really an issue with these situations - it is more what your intentions for the property are, and what your logistics will be in the coming years i.e. will you move back into the property?

Whereabouts in Switzerland? I might have driven past you back from holidays, went through Basle, past the lakes Just beautiful

Conrad

Lenders use scoring systems, which tend not to work with foreign address's, so you may struggle with any large lender such as TMW - a good vlaue B2L lender.

Really this is one for a specialist lender - a forign Bank based in London for example. Would take some hours of research so you will need to do this yourself or find a broker.

trustyjim369

thanks for the tips gents.

so, anyone recommend a London broker who you've used to arrange a UK mortgage from overseas?

@herbiesjp - glad you enjoyed your swiss jaunt. lovely around basel but for me it's all about the bernese oberland and ticino in the south - both great to visit if you're into walking or just hanging in the mountains. i live in geneva, also a nice city.

herbiesjp

Yep - went through ticino to get to Gotthard and on to Italy

Stunning views, especially if you go over the Gotthard pass up the twisting roads! Not one for vertigo suferers!