Been overseas and now need a mortgage

shine123_2

Hello all,

Have been reading MSE for a while now, but never felt right to post, until now.

I need some advice, I have been living and working overseas for the last 5 years and am planning to return to the UK early next year. Upon my return I want to get a property as soon as possible.

Will I have any difficulties in getting a mortgage because of my long stay overseas; if it helps I will have a sizeable mortgage?

Thanks

inmypocketnottheirs

How much deposit will you have to put down? What employment status will you have? Do you have any UK banking relationship? These are the relevant questions that will define what type of lender will consider you.

herbiesjp

Indeed, purchase price and deposit available will be important, as well as your income figure.

However assuming the figures all stack up there are plenty lender that will look at this for you - depending on your exact circumstances

Jonbvn

I bought property in the UK under similar circumstances to what you describe. I managed to get a mortgage through the bank that held my accounts offshore (in Jeresey).

In most cases, I think lenders will accept you for a mortgage up to 75% LTV.

Finally, have a look at international mortgages here.

herbiesjp

You can get standard deals with some lenders - but you need to see if you fit their criteria