Expat mortgage - desperate.

I'm British, but working in the US.

I've been trying for weeks to get a buy-to-let mortgage for a flat I'm buying in London but seems no lenders will touch me because I'm overseas

It's looking bleak.

Any advice would be much appreciated.

Comments

  • ACG
    ACG Posts: 24,370 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Have you looked for a broker who deals in expat mortgages?

    Its not something I do, although I have done a mortgage for an EU national who lives outside the UK so I imagine it can be done.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • sockpuppet
    sockpuppet Posts: 270 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    We used to do loads of expat / btl mortgages but both of the lenders we used regularly pulled out of the market.
    Not sure if anything has changed, so would be worth trying a broker as ACG says.
  • amnblog
    amnblog Posts: 12,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The two issues when we do them tend to be:

    lending too modest, our preferred lender does not like the small ones

    Out of the UK too long, makes it difficult for our back up lenders to make a decision
    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.
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