FTB recently returned from living abroad

MilliesAunty

My husband and I returned from living in the US 6 months ago. We were out there for 2 years and kept all our UK credit cards and current accounts.
We both have excellent credit ratings and are employed full time with a good income.
We've spoken to a broker who says that because we don't have 2-3 years residence history most lenders won't lend to us. They have found 2 banks who will consider lending to us but I've read that we may need a large (25% minimum) deposit. Obviously that massively restricts what we can afford.
Does anyone have any experience with similar situations? I'm very worried that we might find the perfect house and then be declined on a mortgage.

Thrugelmir

You may have to adjust your expectations in the short term until you've rebuilt your UK based history.

blahblahblah85

We were in same situation and from ringing around 15 places, only Halifax would lend to us (although we'd only been back a month or so then) and what really helped was that they lend to you even when still in probation period.

MilliesAunty

blahblahblah85 were there any restrictions on the LTV from Halifax? That is one of the lenders we're looking at.

kingstreet

Two lenders I can think of will look at this.

Your credit score calculated by the lender will determine the maximum loan to value. If you do a decision in principle for the LTV you want, you'll then be told if that is acceptable, or if a lower LTV will be offered instead.

blahblahblah85

I'm not sure tbh as we gave them or situation only, just ring them to enquire. Who were the other bank out of interest as we only found Halifax!