It can be difficult getting a mortgage if you’re a non-UK resident and you receive your salary in a foreign currency or lack a UK credit history. An expat mortgage is a mortgage you’d take out on a property in the UK while you’re a UK expat – i.e. a UK national living abroad. This is different from an overseas mortgage, which is where you take out a mortgage for a property that’s not in the UK but overseas.
Most high street lenders don’t offer expat mortgages. Friends Capital have pre-existing relationships with lenders of expat mortgages. We can help you find the best expat mortgage deal. We will review your personal circumstances and then search the entire market to ensure you get the best mortgage rates possible. We will then deal with all the paperwork, submit your mortgage application, liaise with your mortgage lender and solicitor, and ensure that your mortgage application is completed as quickly as possible. We can:
You may want an expat mortgage on a residential property if:
Residential mortgages are available on repayment and interest-only bases. You may want your mortgage on a repayment basis if you’re purchasing a property that’s going to become your residence at some point, as you’ll likely want the balance cleared by the time you retire.
You may want an expat mortgage on a buy-to-let property if:
Friends Capital have pre-existing relationships with lenders that welcome expat mortgages. We can search the entire market and get access to the best and most exclusive deals available. Then we will choose the deal that are most appropriate to your personal circumstance. We can:
One of our friendly advisors will either call you back within 24 hours (usually the same working day), or will take details from you in order to best deal with your situation.
When you speak with us, we will take a ‘fact find’. At this stage we take basic details about your situation. We will then search the whole of the market and find you the best deal available.
If you are happy with the deal that we offer, we will then contact the lender for you and get you what is called a ‘decision in principal’.
If you’re happy with the decision in principal then we will secure this deal for you and deal with the application for you on your behalf.