Mortgage for Uk property for UK Work permit holder

Rudess

9ja4life wrote: »

There are at least 2 threads on the above that are very instructive. I am on a Tier 1 Visa and my spouse is British. We successfully got 2 mortgages this year. A BTL and a residential. We had 25% and 40% deposit respectively. Some turned us down due to residence issues as I had just under a year left on my visa.

We researched thoroughly and got both. To be honest, I don't blame the banks. I and my family have a choice of countries to live in, here and somewhere else and I agree that makes us a bigger risk. I would look at it the same way.

Anyway, goodluck!

Could you please let me know which banks/building societies accepted your application?

takecontrol

SundAdvc wrote: »

Work permit holder looking for mortgage Hello

I am professional working on work permit in UK.
I have been in UK for more than 2.5 yrs in total.
I looking for a mortgage for property in UK but the two bank I approached ( HSBC and Nationwide) give mortgage to permanent residents holder only.

Can some one advice lenders ,offering mortgage to work permit holders in UK.I am ready to put a deposit of 20-25 %.
Thanks in advance.

How about part/buy part/rent?

9ja4life

Rudess wrote: »

Could you please let me know which banks/building societies accepted your application?

Halifax - their rates were not very competitive for us but they were happy to take a 10% deposit

Accord - Had good rates but a £499 fee put us off

Natwest - interest rates were too high for us (over 4%)

We went with Abbey - we had a 40% deposit and could have pushed to 50% if necessary. Got a 5 year fixed year fix for 3.89

For the BTL, we went with Northern Rock. 2 year fixed at 4% and no fees. Had a 25 to 30% deposit and finally put down 25%.

OH has no loans and CC always paid off in full.
I have HP due to finish 2013. No loans and CC always paid in full

Our totalling earnings is just under 50k

HTH

Rudess

9ja4life wrote: »

Halifax - their rates were not very competitive for us but they were happy to take a 10% deposit

Accord - Had good rates but a £499 fee put us off

Natwest - interest rates were too high for us (over 4%)

We went with Abbey - we had a 40% deposit and could have pushed to 50% if necessary. Got a 5 year fixed year fix for 3.89

For the BTL, we went with Northern Rock. 2 year fixed at 4% and no fees. Had a 25 to 30% deposit and finally put down 25%.

OH has no loans and CC always paid off in full.
I have HP due to finish 2013. No loans and CC always paid in full

Our totalling earnings is just under 50k

HTH

Thank you very much, this is very helpful!!!

Dave_Ham

Rudess wrote: »

Thank you very much, this is very helpful!!!

Maybe remove those lenders from your court paperwork!!

If only you had asked the right question initially

lombers

I am Australian on a work visa in the UK with my wife who is a British National.

Can someone please advise who will lend me money for a mortgage? Which bank or financial institution? I have been unable to find any

Paul