Foreign National Mortgages in London
Mortgages for Foreign Nationals buying in the UK
There are many foreign nationals living in the UK and a high number of people applying for a UK mortgage will not hold a British passport, we are in a position to help non UK residents get a mortgage.
Getting a mortgage can be complicated, especially if you're a foreign national. However, it's not impossible! We have plenty of experience in arranging Foreign National Mortgages in both London and the UK.
Foreign National Mortgages are mortgages sought by individuals who are Foreign Nationals living in the UK. We are here to break down barriers for Foreign Nationals when securing a mortgage; ensuring the process is as simple and straightforward for you as possible.
We have a great deal of experience in putting cases for Foreign National Mortgages together and presenting them to lenders successfully.
Finding a lender who arranges Foreign National mortgages
As always with non-standard mortgage requirements, by far the best way to find a suitable choice of mortgages is by going through an independent adviser.
Being independent, we have access to the whole mortgage marketplace, including mortgages that are only offered through brokers where often the best deals can be found.
If you are a Foreign National buying a property in London or the UK, we can help find the right mortgage for you. We can also help with the financial planning related to your mortgage.
The choices available to you will depend on:
- Whether you are an EU National
- How long you have lived and worked in the UK
EU Foreign Nationals getting a mortgage
If you are an EU Foreign National, you should have a traceable credit history and you will potentially be able to get a regular UK residential mortgage, without any extra costs.
There are three requirements for this:
- You have been resident in the UK for more than 2 years
- You have a UK bank account
- You have a permanent job in the UK
Non-EU Foreign Nationals getting a mortgage
Things can become more complicated if you're a non-EU citizen and you want to secure a mortgage. The main problem you'll encounter if you're not an EU national is that you won't have a traceable credit history in the UK.
In order to build a positive credit footprint for your mortgage, the basic requirements you will have to meet are:
- Resident in UK for more than 2 years
- Have a permanent job in the UK
- Have permanent residence rights in the UK, or a UK Work Permit
- Hold a UK bank account
The requirement to have lived in the UK for two years is due to the necessity of building up a UK credit history before lenders can approve your mortgage application
It may be possible to arrange a non status mortgage before then, however a large deposit 25%+ will be required.
G Force Mortgages Ltd are authorised and regulated by the Financial Conduct Authority and are Independent Mortgage Specialists. We have the ability to search the whole UK market, including deals that you will not find on the high-street. Let us help you find a foreign national mortgage that meets your needs.