UK Mortgage for Irish Resident

Cambus

Hi Can anyone help here my work colleague , works in Uk and stays week days in UK but is paid from Ireland is looking for a mortgage in the UK . The 1st lender was looking for NI number and also having problems as not on the electoral roll too. Can prove income and job is secure been in role 20 yrs . Anyone know any lenders that would help

Thrugelmir

Why no National Insurance number?

kingstreet

I suspect the problem here, is the applicant is not paid in the UK in sterling. Therefore he does not have, nor need, a NI number. His remuneration is paid and taxed in another EU country.

TBH I have no idea if a UK lender would take on a non-resident, non-sterling paid applicant. I suspect not.

He may be better looking for an Irish bank prepared to lend on a UK property.

ERICS_MUM

what about Ulster Bank, part of the Royal Bank of Scotland ?

The problem with earning euro and being domiciled in Ireland (or any other foreign country/currency) buying an overseas property in sterling is the fluctuation in exchange rates which will increase the risk to the lender, not sure if banks would be willing to lend on this basis atm

Thrugelmir

kingstreet wrote: »

I suspect the problem here, is the applicant is not paid in the UK in sterling. Therefore he does not have, nor need, a NI number. His remuneration is paid and taxed in another EU country.

Of course I wasn't thinking straight. Returning home every week probably complies with cross border taxation treaty with Eire.