mortgage for tier 1

nidhikaa

hi can anyone tell me which bank or lender will give us a mortgage for buying a house.....as we have already approached hsbc n got refused becoz of visa status online we checked out with nationwide they too want ILR for mortgages....

Conrad

nidhikaa wrote: »

hi can anyone tell me which bank or lender will give us a mortgage for buying a house.....as we have already approached hsbc n got refused becoz of visa status online we checked out with nationwide they too want ILR for mortgages....

You need to stop using jargon - you assume everyone knows your life and can translate this jargon, but I have not got a clue what you mean.

For example;

• 'tier 1'?
• 'ILR'?

Crashandburn

What nationality are you firstly???

fleitner

Conrad wrote: »

You need to stop using jargon - you assume everyone knows your life and can translate this jargon, but I have not got a clue what you mean.

For example;

• 'tier 1'?
• 'ILR'?

As the OP speaks about visa status I guess ILR means 'Indefinite leave to remain'. No clue what 'tier 1' could mean though.

Afaik Halifax does not require ILR, they are happy with 2.5 years remaining on the current visa.

Edit: (from http://www.ukba.homeoffice.gov.uk/workingintheuk/tier1/general):
"The Tier 1 (General) category allows highly skilled people to look for work or self-employment opportunities in the UK."

nidhikaa

tier 1 was previously called HSMP (highly skilled migration programme) .... ILR is indefinate leave to remain visa status..... n i am an indian.

neverdespairgirl

Conrad wrote: »

You need to stop using jargon - you assume everyone knows your life and can translate this jargon, but I have not got a clue what you mean.

For example;

• 'tier 1'?
• 'ILR'?

"Tier 1" is part of the Points Based System. It's a work permit visa without being tied to a specific job, and it replaced the previous "Highly Skilled Migrant Programme".

"ILR" is "Indefinite Leave to Remain", and indicates a non-EU national whose stay in the UK is indefinite, but can be curtailed for some reasons, such as criminal convictions, or being out of the country for 2 years or more.

XBell

Hi I was on a work permit 4 years ago and applied successfully for a mortgage with Coventry Building Society. They wanted at least a good few years (sorry forgot how many exactly) left on my permit. Now I am remortgaging with Nationwide, with 2 years left on my spouse visa and they said it is ok.

Are you applying by yourself? Or with your partner? Is your partner also a tier 1 or a UK citizen? You have to mention that it is a joint application if that's the plan.

Try your peronal bank (who you have a current account with) as a first stop. I bank with Lloyds TSB and although their official line is that I have to have ILR to qualify for mortgage, I was told their underwriter (person who decides if they can give you a mortgage) is likely to view my application kindly as I have a good credit history with them. Lloyds also do not charge an application fee (last I'm told which was late March 2011) so you can put in your application with them and not lost any money in effect to see if they will approve your situation or not.

All the best. I know it is not easy. I also find it may help if you get your employer to write a letter to support your application, stating your occupation, contract terms (best permanent), salary. Keeping a sqeaky clean credit history is a must. Start by getting credit cards if you don't already have one.

andypr1976

good luck with everything

vacheron

Hi.

As mentioned earlier, you don't mention if you are buying alone or jointly?

My wife was on Tier 1 with ILR when we completed our offset mortgage with Barclays in May last year. Her status didn't seem to cause any problems or concerns at the time. They did have some difficulty verifying her passport for the Photo ID section so we suggested that they use her UK driving licence instead which they gladly did.

After that, everything went like clockwork.