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You are here: Home / Mortgages / Foreign National Mortgage / 10% deposit Mortgage for Foreign Nationals with a Visa December 2020

by Payam Azadi

10% deposit Mortgage for Foreign Nationals with a Visa December 2020

After an absence of several months 10% deposit mortgage offering for foreign nationals on a Visa has returned.

Judging from our experience the demand for this innovation is very high.

The lender is currently limiting access to first time buyers.

The deposit can include a “gift” from immediate family members and can originate from abroad.

The standard qualification rules are:

  • Open to foreign nationals who are currently on Tier 2, Family dependant or Spousal Visas only.
  • Must have lived and worked in the UK for over 3 years OR 2.5 years left to run.
  • Any period in the UK as a refugee or student does not count towards the minimum time limits.
  • First time buyers only.
  • Minimum 10% deposit.
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Author: Payam Azadi

Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.
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Filed Under: Foreign National Mortgage

Foreign National Mortgage with a Visa in the UK

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