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Desperate: can I get a mortgage with a Limited Leave to Remain
confusedbutenthusiastic
Posts: 4 Newbie
Hi all
I am trying to find a lender who will lend without indefinite leave to remain. I have rather special circumstances and have been refused a mortgage twice, so I'm worried about trying it again with a lender who may do the same without checking my circumstances.
I'm not sure what more I can do to be able to secure a mortgage. Has anyone else been in a similar situation or does anyone know whether there are lenders prepared to lend based on this info?
I've already missed out on a couple of great properties because of this, so would really appreciate any help right now!!!
I am trying to find a lender who will lend without indefinite leave to remain. I have rather special circumstances and have been refused a mortgage twice, so I'm worried about trying it again with a lender who may do the same without checking my circumstances.
- I have been in the UK for 9 years, and have a discretionary leave to remain which expires in march 2018, after which I will be eligible for indefinite leave.
- I have a job on a fixed term contract for 2 years, which is due to expire in September 2017 (I'm a graduate so it's my first full time job).
- My credit rating is excellent but I can't be on the electoral roll, as I am not a British Citizen (but I've put a note on my report to explain)
- My salary is decent and I have a 25% deposit secured.
I'm not sure what more I can do to be able to secure a mortgage. Has anyone else been in a similar situation or does anyone know whether there are lenders prepared to lend based on this info?
I've already missed out on a couple of great properties because of this, so would really appreciate any help right now!!!
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Comments
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It sounds straightforward.
How many independent brokers have you spoken to who suggested you would have a problem?I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Most mortgage application forms state that you need to be a permanent resident of the UK. I would be very surprised if you managed to get a mortgage without being on the electoral roll and not a permanent resident of the UK.0
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My credit rating is excellent but I can't be on the electoral roll, as I am not a British Citizen (but I've put a note on my report to explain)
Who told you that? Are you a common wealth citizen or an EU citizen? if yes, you can easily put yourself.
ILR is more than enough to get mortgage. I know people with Tier 1 limited leave to remain for 2 years has got mortgage.0 -
Confusedbutunenthusiastic
It sounds like you have simply been looking in the wrong place.
Have you used a Broker experienced with visa issues?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 -
ComputeAngel wrote: »My credit rating is excellent but I can't be on the electoral roll, as I am not a British Citizen (but I've put a note on my report to explain)
Who told you that? Are you a common wealth citizen or an EU citizen? if yes, you can easily put yourself.
ILR is more than enough to get mortgage. I know people with Tier 1 limited leave to remain for 2 years has got mortgage.
I've done my own research. Of course I'm neither of those things. I know that you can get a mortgage if you are EEA or Commonwealth citizen, but if you're not, it seems no lenders will give you a mortgage without ILR
Of course ILR is more than enough, my problem is that I don't have it!
I've never heard of anyone getting a mortgage on Limited leave to remain... 0 -
People without ILR obtain mortgages every day.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 -
Confusedbutunenthusiastic
It sounds like you have simply been looking in the wrong place.
Have you used a Broker experienced with visa issues?
I don't know where to find a broker who would be experienced with that. I do have a broker but she never even asked to see what type of leave I had... Plus they cost a lot of money, and I'm not prepared to lose the money if there is no solution
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People without ILR obtain mortgages every day.confusedbutenthusiastic wrote: »I know. I just explained, ILR is Indefinite Leave to Remain. I don't have it, what I have is Limited Leave to Remain which puts restrictions on how long you can stay.
Key word is without. Amnblog is saying it won't necessarily be a problem.0 -
confusedbutenthusiastic wrote: »I know. I just explained, ILR is Indefinite Leave to Remain. I don't have it, what I have is Limited Leave to Remain which puts restrictions on how long you can stay.
If you have over 2 years of remaining VISA / leave to remain, you can easily secure mortgage...0
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