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mortgages for non UK residents?
toady
Posts: 70 Forumite
My son, who is a British citizen, has had to work in the EU since graduating in 2009- no jobs here.
He still holds an HBOS bank account which he uses when visiting, but is not on the electoral roll.
He wants to purchase a property here as he intends to come back as soon as he can find work here. In the meantime, it would be a buy to let basis.
However, HBOS (with whom he has held an account for over 10 years) won't give him a mortgage because he is not a UK resident.
Is it possible to get a mortgage if you are not a UK resident, or is this a hard and fast rule?
Any advice appreciated, many thanks.
He still holds an HBOS bank account which he uses when visiting, but is not on the electoral roll.
He wants to purchase a property here as he intends to come back as soon as he can find work here. In the meantime, it would be a buy to let basis.
However, HBOS (with whom he has held an account for over 10 years) won't give him a mortgage because he is not a UK resident.
Is it possible to get a mortgage if you are not a UK resident, or is this a hard and fast rule?
Any advice appreciated, many thanks.
0
Comments
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it sounds more like a hard and fast HSBC rule!
Yes you can get a mortgage as a non resident, but it is not easy.
(another thread on this theme this very afternoon)I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Surely better to find work then decide where to live on a permanent basis.0
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