Mortgage advice...my partner works abroad 30 September 2020 at 12:32PM in Mortgages & endowments 6 replies 131 views

Ellyhancock23

Hi! I'm hoping someone can help me.
We've sold our house and moved out, now living with in-laws. We've found a property we want to buy and have just had the offer accepted this morning. But we're struggling to get a mortgage.

My partner works in Saudi Arabia and comes home 3 times a year for 1 month at a time. He is paid in GBP to a UK bank account and doesn't pay tax. Some lenders are saying they'll only count his wage as taxed (nationwide), some are saying we can't get a mortgage as he doesn't qualify as a UK resident (NatWest), and HSBC have said this morning we can get a mortgage but they will only lend a maximum of 75% of the property value. We need a mortgage LTV of 85%. 

I really don't know where to turn to. Surely it can't be THIS hard to get a mortgage He earns more than enough money for the monthly repayments, we've sent over his employment contracts and payslips and still no luck. And he is paid in GBP so there's no foreign currency involved.

PLEASE HELP!!

haras_n0sirrah

There are some lenders who will consider people working abroad if one partner is in the uk
It wouldn't be classed as expat as one of you are here.
Not too sure at max ltv but happy to check

Ellyhancock23

haras_n0sirrah said:

There are some lenders who will consider people working abroad if one partner is in the uk
It wouldn't be classed as expat as one of you are here.
Not too sure at max ltv but happy to check

That would be amazing, thanks so much for your help!!

somerlouise

Hi,
We are in a similar position- partner works abroad. We have had to provide numerous letters/documents regarding how much taxes he pays- he works in Norway and is taxed there. The lender was very explicit about this- they needed to see that he has paid taxes before they would consider us. So I wonder if that is the problem. 

As far as I know there aren’t too many banks that will do these types of mortgages but there are some. Our broker has been worth his weight in gold and was very reasonably priced too- and he isn’t paid anything until we actually get a mortgage. 

haras_n0sirrah

It is doable with a 15% deposit - have had it confirmed. This is a high street lender

Ellyhancock23

haras_n0sirrah said:

It is doable with a 15% deposit - have had it confirmed. This is a high street lender

Hi thanks for that! Which lender is it? 

haras_n0sirrah

We are not allowed to reveal lenders without doing a full fact find - as it can be seen as giving advice without knowing all your circumstance but if you want assistance you are able to pm the brokers who post here.