With the UK property enjoying such long-term price inflation, and rental prices now higher than ever before, purchasing a property whilst living abroad can make excellent financial sense.

As a British expat living and working outside of the UK, or a foreign national looking for a, you might be finding the process of securing a mortgage both time consuming and confusing. You might also expect there to be a shortage of lenders willing to accept your mortgage application given your requirements; but in reality, that couldn’t be further from the truth.

If you have, or are thinking of buying a UK investment property, perhaps as part of your pension planning, then Mortgage Advisor.co.uk can help. We work with specialist mortgage advisors with expertise in every sector of the market.

The reality is that some lenders have reduced the availability of non-UK resident mortgages, whilst others are willing to offer extremely competitive rates to secure your custom. With vast experience in their respective corners of the market, our advisors know precisely which lenders to turn to find the best deal for you.

Foreign national mortgages for EU and non EU citizens

If you’re a foreign national living in the UK, there’s every chance you’ll want to buy a property, either as a family home or as a temporary residence. If this is the case, the availability of a mortgage will depend on:

  • Whether you’re an EU national
  • How long you have lived and worked in the UK

EU nationals

 If you’re an EU national, you should have a traceable credit history. This will give you access to a conventional UK residential mortgage without any additional costs, as long as:

  • You have been a resident in the EU for more than three years
  • You have a permanent job in the UK
  • You have a UK bank account

Non-EU nationals

 If you’re looking for a foreign national mortgage for non-EU citizens, the lack of a traceable credit history in the UK which will complicate your application. However, you should still be able to find a competitive mortgage rate if you:

  • Have been resident in the UK for more than two years
  • Have a permanent job in the UK
  • Have permanent residence rights in the UK, or a UK work permit
  • Have a UK bank account

How can we help?

Whether you’re an expat seeking a great deal on a non-UK resident mortgage, or a foreign national (EU and non-EU citizens) looking for a competitive deal on foreign national mortgages, we can help.

Simply complete our enquiry form and we will put you in touch with a mortgage advisor with a proven track record of securing the best expat mortgages deals. They will be in touch to provide you with a free, no-obligation initial consultation.