Mortgage with My Foreign Wife

nik_k

Just to add to others' advice, this is certainly possible!

I'm UK born and bred, but my wife is a non-EU national on a spouse visa. She's 46 months into her 60 month (i.e. 5 year) Further Leave to Remain. We got accepted for a mortgage with NatWest without any issue. NatWest's intermediary lending criteria for foreign nationals is:

For a client on a Tier 1 General Visa/Highly Skilled Migrant Visa, we can consider up to 90% LTV. For all other customer applications that do not have permanent “right to reside”, the maximum LTV is restricted to 70% on a Capital & Interest repayment basis only.

For joint applications, where only one party has permanent right to reside the application should be treated as if both applicants have permanent right to reside, and we will therefore consider up to 95% LTV.

Therefore, a joint application in your case would be fine, and you'd only need a 5% or more deposit. Good luck!

katkatmachine

Same here. I’m non-EU on a spouse visa expiring on march 2020. Applied for mortgage last november 2019 and still got a mortgage.

konn1ch1ha

Thanks everyone for your responses. It certainly looks doable. I should mention the last time I checked my credit score it was 'fair'. My wife's is more likely to be 'good' as she has no debt and a good income.

nik_k

konn1ch1ha wrote: »

Thanks everyone for your responses. It certainly looks doable. I should mention the last time I checked my credit score it was 'fair'. My wife's is more likely to be 'good' as she has no debt and a good income.

Ignore credit scores...they're just a number!

sal_III

AdrianC wrote: »

You hope you will. It's up to Priti Patel as to whether you actually do or not. Which, in your position, would give me cold sweats.

And that's precisely why it'll be hard for her to borrow so much money long-term. Because, right now, there's no guarantee she has the right to be here for more than the next year and a half.

This should be your main concern even if you manage to get a mortgage offer. How are you going to handle a situation where her visa is not extended, or the rules change in some regard and she can't earn her current level of income or worst, needs to leave the country?