Unique Mortgage Situation

Barker93

Hi,

I am hoping to purchase my first home with a friend in the near future and would like some advise as I'm in a pretty unique situation.

I live and work in the UK and my pal works in the US but is home for 3/4 months of the year so wants his own place to come home to. This is where our problems start. He is paid to his US bank account so has no monthly income in the UK technically, although he has recently got a chunk of inheritance. I have looked at expat mortgages but he is not technically an expat and this does not seem an affordable option as we are hoping to use the Help To Buy Equity Loan.

I'm asking if anyone thinks its possible for us to get a mortgage together at all? And if not, what are our options? I know I probably haven't given you enough info so any questions feel free to ask.

Thanks in advance

Dan

haras_nosirrah

there are lenders who use foreign income and also do help to buy. A broker can help with this

iquit

I work abroad and was able to get an expat mortgage through a broker. My circumstances are unique so a broker was my best bet, and it paid off.

Barker93

I have just come off the phone to L & C, they tell me I won't be able to get a help to buy because my friend would not be classed as a UK resident. But we should be able to find a mortgage so I think we may go down that route depending on the difference between Help to Buy and a normal Mortgage.

haras_nosirrah

I had to phone help to buy for something else and asked the question
HTB have said that they wouldn't have a problem with it as long as they do come back during the year and the other party remain living there. There are 5 lenders who allow both htb and foreign income