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mortgages for foreigners
adam99
Posts: 4 Newbie
I am US citizen who moved to London this year. As the market is picking up, I would like to look for a mortgage. I can pay up to 40% of the house value. I have gone to Barclays, they said they don't lend to foreigners unless they have lived in UK for at least two years.
Are there any lenders that will lend me now instead of in 18 months??
Are there any lenders that will lend me now instead of in 18 months??
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Comments
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On that loan to value yes there are AdamI 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 -
Can you give me some advice which lenders to approach?0
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Several lenders consider applications from foreign nationals, however LTV is not the only consideration. A lender would also look for proven commitment to the UK, which would include:
- Time spent living in UK
- Type of visa held
- Length of time left on visa
- Profession
E.g. If you're a qualified professional on a Tier One Visa with 18months+ to run a lender would be more likely to overlook your recent arrivalMortgage Underwriter for a major UK lender0
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