Mortgage eligibility - dual Iranian/Canadian citizen, permanent job + tier 2 visa

U4EA_2

(deleted on request to not disclose too much personal info)

kingstreet

Forget Nationwide. It and many other lenders have a minimum period residing in the UK, sometimes two or three years.

Depending on the length of the visa and loan to value, there are lenders who will consider this with a short UK residence history.

Broker assistance suggested.

U4EA_2

(deleted on request to not disclose too much personal info)

MortgageMamma

Hello

These sort of cases sometimes are reliant on the minutiae and not really something that can be confirmed for certain on a forum, but what Kingstreet said is right. I've done a few of these types on mortgages in the last year and there are some lenders who may look at it but I doubt there would be one willing to offer a loan immediately. They would have needed to reside here for a period and built a UK credit history/opened a UK bank account. They may also need to provide a credit history from the last country they resided in. If they own property in Canada it may be easier to raise finance on that one and buy something in cash to live in, and then use that as a springboard (i.e. sell it or rent it out) to enable them to move on to a nicer property in the future...

U4EA_2

(deleted on request to not disclose too much personal info)

LRmortgage

I’m sorry, but their CV just won’t matter.
In most cases the banks have an internal scoring method, it’s a case of computer says yes or no.
The good news is that there are lenders who are able to score with only a relatively short history in the UK.
I would suggest your friend arrives and rents / stays with a friend or family and immediately opens a UK bank account, gets a phone contract and also a credit card if possible (spend small and clear in full every month) as well as registering for utilities, council tax etc.
Get a Broker on this case, there’s only a handful of lenders that will work with this. Will probably need a minimum of 3 - 6 months in the UK, potentially more to build up enough history.
The bigger the deposit, will also help.

U4EA_2

Sorry for the editing on the thread, my friend thought it was more details about his situation than he wanted to share. I really appreciate all the replies, as does he.

Having spoken to him this evening, it looks like he will very possibly be able to put up a deposit of 50-75% of the property value.

Thrugelmir

U4EA wrote: »

Having spoken to him this evening, it looks like he will very possibly be able to put up a deposit of 50-75% of the property value.

The source of the deposit will need to be fully documented and substantiated.

U4EA_2

Thrugelmir wrote: »

The source of the deposit will need to be fully documented and substantiated.

Thanks. This won't be an issue at all.