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Mortgage - UK resident & expat advice
Lec123_2
Posts: 5 Forumite
Hi,
Myself and a friend are hoping for a buy to let mortgage for a property priced at £200k or below, with a deposit of around £40k. The main complications are that although I'm UK resident my friend is a British expat living in Dubai, he has a stable job with a sizeable UAE based freighting company on good money, but has been previously told by an advisor that he wouldn't be able to get a mortgage due to having little UK financial footprint. He moved to Dubai in 2007 aged 19 with family.
Would he and myself be able to get a joint mortgage though?
I'm planning to visit some estate agents to discuss further, however wanted to know the general consensus on here.
Cheers
Myself and a friend are hoping for a buy to let mortgage for a property priced at £200k or below, with a deposit of around £40k. The main complications are that although I'm UK resident my friend is a British expat living in Dubai, he has a stable job with a sizeable UAE based freighting company on good money, but has been previously told by an advisor that he wouldn't be able to get a mortgage due to having little UK financial footprint. He moved to Dubai in 2007 aged 19 with family.
Would he and myself be able to get a joint mortgage though?
I'm planning to visit some estate agents to discuss further, however wanted to know the general consensus on here.
Cheers
0
Comments
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The lenders that might do this look for larger loan sizes.
Very tricky.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
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