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Work permit & Mortgage?
Kylie
Posts: 562 Forumite
I have a work permit for the UK and my partner is European. I have spoken to London & Country but they claim there is only 1 lender in the UK who will provide us with a mortgage because of my work permit. This can't be right, can it??
0
Comments
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Hi,
I was in similar situation some time back and the truth is that lenders do hesitate to give mortgage to wp holders. I tried lloydstsb because i had current account with them and they accepted my application. Try the bank where you have ur current or savings account. They might not be competitive on interest rate but they will be able to offer something.
As for brokers, I tried alaxander hall and they were very optimistic. Didnt go ahead with them as they charged a hefty fee for their services. ( i think 1-2%).
all the best.
simran.0 -
I was having the same problem last year. Had a Holiday Work Permit and was looking for a mortgage. In the end, Intelligence Finance gave me the mortgage. They only require that you have at least 6 months remaining on your visa. I found out about them through Alexander Hall, who charge £399 once I engaged their sevice, which I thought was fair since I wanted to get a mortgage ASAP.Some say that the best things in life are free...do you believe it?0
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