Mortgage for a spouse visa holder with 5-10% deposit

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ybeltrikov
ybeltrikov Posts: 9 Forumite
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in Mortgages & endowments
My wife is British and I am in the UK on spouse visa which is due for renewal in April 2018.
We are already talking with a couple of mortgage advisors but maybe forum members can recommend a mortgage advisor who is experienced in this kind of mortgages (not sure if they have such specialisations).
We both are employed full-time and most of our savings are in out bank accounts. Do you know if any bank offer mortgages for spouse visa holders with 5-10% deposit?
Thank you

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  • ACG
    ACG Posts: 23,729 Forumite
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    As far as I am aware, there is only one or possibly 2 high street lenders who would consider it.

    See what your broker(s) come back with but I suspect they will probably all come back with more or less the same deal(s), due to the limited amount of options.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ybeltrikov
    ybeltrikov Posts: 9 Forumite
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    Who are these lenders? Is it worth contacting them directly?
  • ACG
    ACG Posts: 23,729 Forumite
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    Im not allowed to name lenders. I would say you are probably best leaving it to the brokers and just stick with one of them when the time comes. The last thing you want is 2 people doing the same job.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ap1985
    ap1985 Posts: 325 Forumite
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    I would suggest speaking to London and Country mortgage brokers. They did our mortgage for us in the same scenario and we are now home owners.
    :jFinally going to be a homeowner:T
  • ACG
    ACG Posts: 23,729 Forumite
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    Nothing again L&C personally (although they did have to make 2 applications for a client of theirs who was buying a house I was selling), reviews on this site from posters on here are hit and miss, some rave about them, others are the opposite.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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