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Expat mortgage - desperate.

Pstebb
Posts: 1 Newbie
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.
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.
0
Comments
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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 AdviserYou 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.0 -
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.0 -
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 decisionI 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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