Question for the Brokers

TS1962

Is it possible to get a mortgage if you have only been in the country less than 3 years?
Potentially I have 50% deposit, but limited credit history as I haven't needed any credit.

So is it doable or am I dreaming?
Neil

ACG

It is possible. 
You might find you end up with a little building society nobody has ever heard of, but thats not necessarily a bad thing, although it may mean rates are a little above the high street. 

OneLife_OneShot

When looking at debt and affordability, For example you owe 2.5k but you are paying £250 a month to clear or or will they assume a minimum repayment or 3% so around £75 a month when accounting what you can afford?

MovingForwards

OneLife_OneShot said:

When looking at debt and affordability, For example you owe 2.5k but you are paying £250 a month to clear or or will they assume a minimum repayment or 3% so around £75 a month when accounting what you can afford?

Think you've posted in the wrong thread.

MovingForwards

https://forums.moneysavingexpert.com/discussion/6163369/mortgage-preparation#latest

This has a lot more information about OPs circumstances.

TS1962

Yes that link MovingFoward it does give more information, but I didn't get any responses on that, so I thought I'd cut it down to smaller chunks.

Affordability of paying back the mortgage(for me)  isn't really the issue, as buying a house releases the rental income to actually pay the it and as I have no debts I have plenty of spare income which at the moment is just being added to my deposit. So as a borrower, I would hope, be seen as low risk, as the lender would see I have a good chunk of my money tied up in the property which could be sold and easily recover their costs.