Mortgage foreign nationals

milan_ns

horngkai wrote: »

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.

No long time ago students with no income were being offered mortgages

Times have changed...

Kash1973

horngkai wrote: »

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.

I agree, it has got to do with the post-credit crunch bank apprehensions. But I have got the same +1.99 BoE tracker with Woolwich which HSBC refused me.

stargazerr

Hi Kash1973.
I am a foreign national too...been here 7 years now...I've got essentially just under 2 years of Tier 1 visa left after which I am eligible to apply for ILR. So almost in a similat situation as you. Question for you is - for your mortgage, did you go through a mortgage broker or direct from woolwich?

Thanks in advance.

--StarGazerr

Kash1973

I went through London and Country, mortgage brokers.
If you send me a PM I can tell you who my advisor there was. He was a great guy, but my case manager was useless. The advisor was always there to help, always keeping me updated and chasing Woolwich.
The problem with Woolwich is that they do take their time (3-4 weeks) but 'all is well that ends well'.

stargazerr

Kash1973 wrote: »

I went through London and Country, mortgage brokers.
If you send me a PM I can tell you who my advisor there was. He was a great guy, but my case manager was useless. The advisor was always there to help, always keeping me updated and chasing Woolwich.
The problem with Woolwich is that they do take their time (3-4 weeks) but 'all is well that ends well'.

hi kash1973,

PM sent...

pan_kaj

I have a similar problem.

I am a UK citizen, with my OH a non UK non EU citizen. She is here on a spouse visa and is working. Now a spouse visa is only given for 27 months.

Went to make a mortgage application with HSBC and they say that my OH shd be in the UK for 12 months prior to application and shd have 2 years left on the visa which is crazy as there is no way this can happen in a spouse visa case.

Can anyone on this forum help with details on any other bank/banks that might have a more sensible view on this?

In addition to above (and to complicate things further) I am self employed with my Limited company (sole director) working as a management consultant (since 2006) and have 3 years accounts.

Any help is much appreciated.

PJ

herbiesjp

What LTV are you looking at?

This can be done - but depends on the figures.

You would be better off speaking to a whole of market adviser.

pan_kaj

Preferably 80% LTV but can also live with 75% LTV

herbiesjp

The LTV you are looking at makes it a lot easier.

You would need to make sure you fit all other criteria.

sara_atn

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.

I'm as well in same boat and looking for mortgage, first time buyer, Tier1 visa left 21 months to expiry, 20% deposit ...available

Refused by Abbey,HSBC,FirstDirect due to visa is less than 2 years.
But i'm working in UK last 3 years as permanant employee with world leading mobile reputed company.

Halifax is seems to be OK, but the interest rate is very high(4.99 tracker) at the moment.
So if any one suggest some advice on this, it will be great help for this first time buyer.

Thanks in advance.