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Buy to Let Mortgage Without UK Salary?

I work in the middle east, my wife does not work but resides in the UK. We have the opportunity of buying a flat and can put down about 30 to 40% of the valuation price. So we would be looking at around 60% LTV. So we are looking to see if any banks etc would lend us the money purely on rental income rather than a UK income.

Have tried Santander/Alliance and Leicester and no joy with them. We would need a UK salary :(

Any Leads??

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    This would be a specialist area and would need a good broker who has dealt with these types of transactions previously.

    The deposit you have and the LTV you are looking at will mean options available.

    However, it will then depend on meeting the other criteria i.e. minimum personal income, country you are in etc, who you work for etc.

    Lots of areas you can trip up on, so best bet is to get professional help.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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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