Mortgages for people who have lived overseas

markhod

Hello,

I was surprised my bank, Nationwide, told me I could not apply for a mortgage because my UK employer sent me to work in France for two years. They said they only lend to people who have been UK resident for the last 3 years.

Will this be the same with all mortgage providers or do people know of banks that will be less fussy about that? I have had the same UK employer for the last 10 years, so to me it seems a very odd rule because financially I am in an identical position to where I would be if I had not been seconded overseas.

Thanks,

Mark

amnblog

No it is not the same with all mortgage providers.

ACG

Its not the same for all lenders but you will find a lot of lenders do have something similar.

I did a mortgage for someone about 4 months ago who had not been in the UK for 2 years and I had quite a few who were saying they would not lend. Before making any applications you need to check the criteria or speak to a broker.

There will be lenders that do not have this requirement (at high street rates) but not all.

Thrugelmir

markhod wrote: »

so to me it seems a very odd rule because financially I am in an identical position to where I would be if I had not been seconded overseas.

By being posted overseas there's a break in your records. Debts can be pursued internationally. That's the bottom line.

HOMESWEETHOME

I had this issue when i moved to australia for two years but after some fight santander did it via a broker

amnblog

Don't queue outside Santander for this type of business

blahblahblah85

We had mortgage offer from Halifax recently, lived abroad last4 years

markhod

ok thanks everyone - I spoke to a mortgage broker who said although most lenders won't lend in this situation, enough will that it should not be a problem

Wirenth

I was seconded to the USA and managed to purchase my home less than a year after my return to the UK. My mortgage is with Santander.