Mortgage foreign nationals

dfh

Jonbvn wrote: »

You may have noticed that several of the large banks have been bailed out by the gov't. HSBC was not one of them, primarily due to their conservative lending policies.

HSBC are not being arrogant. They just have conservative lending policies. You cannot abuse them for due diligence.

I think it is a very sensible policy that HSBC has.I would say every bank needs to be as responsible as HSBC.

El_mag

Any updates Kash. Sent a pm to you.
THx

bhasin

I am new to this forum but in the same boat - a non EU national residing in UK for 4+ years working for a reputed company. Left with 18 months Tier I visa.

I have been refused mortgage by HSBC, Lloyd's & Santander. However, Halifax and Natwest have agreed to lend me. I plan to put 20% deposit.

Waiting for decision by ING Direct (they have very attractive rates). I guess they can accept foreign nationals with more than 1 year visa. Hoping for the best. Would update the thread for the benefit of others after I hear from ING.

giruzz

bhasin wrote: »

I am new to this forum but in the same boat - a non EU national residing in UK for 4+ years working for a reputed company. Left with 18 months Tier I visa.

I have been refused mortgage by HSBC, Lloyd's & Santander. However, Halifax and Natwest have agreed to lend me. I plan to put 20% deposit.

Waiting for decision by ING Direct (they have very attractive rates). I guess they can accept foreign nationals with more than 1 year visa. Hoping for the best. Would update the thread for the benefit of others after I hear from ING.

Hello,

I'm EU Cit and my Gf is here on a Family member Visa (NON-EU).

Natwest says that they can lend if we have a 20% deposit.
A&L and Halifax says that they need a 25% deposit
ING says that as long we have a 3yrs address history and the OH has a Visa that they can proceed without problems.

Hope it helps

giruzz

Kash1973

To all
Got it finally through Woolwich! Thanks everybody for your responses.

property.advert

The simplest way is to get a form from your council and where it has nationality, you put British and you then get on the electoral roll. You then don't have to bother with annoying stuff like foreign passports as you simply give them a UK driving licence as ID.

DVardysShadow

property.advert wrote: »

The simplest way is to get a form from your council and where it has nationality, you put British and you then get on the electoral roll. You then don't have to bother with annoying stuff like foreign passports as you simply give them a UK driving licence as ID.

It couldn't possibly go horribly wrong could it? Not in a billion years.

Kash1973

property.advert wrote: »

The simplest way is to get a form from your council and where it has nationality, you put British and you then get on the electoral roll. You then don't have to bother with annoying stuff like foreign passports as you simply give them a UK driving licence as ID.

Hi there
Your point is an interesting one, but HSBC knew my passport status as that was the ID used by me 4 years ago when I came here and opened an account with them. Besides, committing an immigration crime might have strong repurcussions for me!

milan_ns

Jonbvn wrote: »

You may have noticed that several of the large banks have been bailed out by the gov't. HSBC was not one of them, primarily due to their conservative lending policies.

HSBC are not being arrogant. They just have conservative lending policies. You cannot abuse them for due diligence.

I agree.

Successfully applying for ILR after 5 years of residence (or even extending the current visa) is far from guaranteed (due to requirements).

Bank can reasonably assume that there is a real risk that the client may not be able to continue payments after expiry of current visa, as they may have to leave the UK.

horngkai

I wonder whether its due to the current financial situation that HSBC rejected your application. I got mine couple of years ago with HSBC just before the credit crunch came in. At that point I have 1.5 year left on my HSMP visa (Tier 1 now) and being a FTB as well. They never even mention then that my visa status would be a problem.

Happily sitting on a +0.89% BoE Tracker at the moment.