fbpx

Mortgage Advice Experts

Menu
  • Home
  • Videos
  • Mortgage Calculators
  • Residential
    • Mortgage Deals
    • First Time Buyer
    • Remortgage
    • Right to Buy Mortgage
    • Bad Credit Mortgage
    • Self Employed
    • High Income Multiple
    • Help To Buy Mortgage
    • Gifted Deposit
    • Foreign Nationals
    • Debt Consolidation
    • Equity Release
    • Close
  • Buy to Let
    • Buy to Let Mortgage Deals
    • Buy to Let Tips
    • BTL 80% Loan to value
    • Buy to let Remortgage
    • Let to Buy
    • HMOs
    • Buy to Let with Bad Credit
    • Limited Company
    • Portfolios
    • Holiday Lets
    • Ex Pats
    • Rent to Family Memeber
    • DSS Tenants
    • Into Retirement
    • Foreign Nationals
    • Inherited Property
    • Close
  • Bridging Loans
    • Commercial Mortgage Tips
    • Bridging Loans Explained
    • Why use Bridging Finance
    • Bridging Finance Rates
    • Auction Finance
    • Auction Finance Rates
    • Non Standard Commercials
    • Development Finance
    • Close
  • Protection
    • Will Writing Service
    • Probate Services
    • Close
  • Testimonials
  • About Us
    • Why Niche Advice
    • Our Fees
    • Testimonials
    • Blog
    • Join our Team
    • Privacy Notice
    • Terms and Conditions
    • Close
  • Contact Us
You are here: Home / Mortgages / Shared Ownership / Shared Ownership Mortgage with a Visa

by Payam Azadi

Shared Ownership Mortgage with a Visa

Shared Ownership Mortgage with a VisaForeign National Shared Ownership Mortgage with a Visa for clients with small deposits working and living here in the UK.

A couple of years ago we were writing a good level of Shared Ownership Mortgage with a Visa cases only for a major UK bank to bow out of the proposition. Well good news 2017 heralds their return and the better news is only a 10% deposit on the share is required.

For example:

Open Market Value of the Shared Ownership property is £400,000.

Purchasing a 25% share at £100,000.
Deposit needed 10% i.e. £10,000.
Mortgage for £90,000.

That’s right a £400,000 property can be bought in live in for as little as a £10,000 deposit. Furthermore the deposit can originate from abroad. The remaining share 75% is rented from housing association and can usually be bought over time.

Eligibility for foreign national shared ownership mortgage

  • Tier 1, Tier 2 or Spousal Visa.
  • 2 Years’ uninterrupted residential history in the UK for employed applicants.
  • 3 Years’ uninterrupted residential history in the UK for self employed applicants.
  • No minimum time remaining on the Visa.

Standard Documents need to support a foreign national mortgage

  • Last three months’ bank statements
  • Last three months’ payslips for employed applicants
  • Last 2 years accounts or tax returns for self employed applicants
  • Evidence of deposit
  • Passport and residency permit
  • Proof of current address

Best Loan to Value Products for Shared Ownership Mortgage with a Visa Applicants

On a separate note, we can also help foreign nationals looking to remortgage up to 90% of the property value for Houses and 85% of Flats. Most other lenders that deal with sector will limit loan to value amount to 80%.

To find out how Niche Advice can help you with you with your foreign national and need to talk about a Shared Ownership Mortgage with a Visa please complete the web contact form or call T: 020 7993 2044. Our price promise is we will NOT charge a penny until you have the key to the door.

Payam Azadi

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.

Twitter Facebook Linkedin

Filed Under: Foreign National Mortgage, Shared Ownership

Proud to be sponsors

Watch our video on Getting the maximum mortgage

https://www.youtube.com/watch?v=ywIi32kxUPQ
visa mortgages

Contact Us

Our Fees

Why Niche Advice

Mortgage Deals

Tools / Calculators

Latest News / Blog

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 … [Read More...]

Buy To Let Foreign Nationals Tier 1 Tier 2 Visa

Mortgages for EU Nationals now Brexit has taken place.

Buying a UK home with a Mortgage as a refugee

Mortgage guide for foreign nationals on visas

Buy to Let Mortgage On A Visa

AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Number: 750263.

Commercial Buy-to-Let and commercial mortgages are not regulated by the Financial Conduct Authority.

Our Fees

Click here for our fees structure. A full detailed fee plan will accompany all our quotes.

Niche Advice Limited has a commercial arrangement under an affiliate programme with Check My File and is remunerated for referrals.

Terms and Conditions

If you wish to register a complaint, please write to us on the details below or call us on: 020 7993 2044.

Correspondence Address: Niche, Unit F6, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234567.

Site Terms and Conditions
Customer Privacy Notice

niche youtube

CONTACT NICHE ADVICE
Tel: 020 7993 2044

Registered Office: Niche, Unit F3, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG. Registered in England & Wales. Company registration number: 06599033.

Members of The Financial Intermediary & Broker Association - Number SBS36389

logo

© 2022 · Niche Advice Limited · Site Designed by Niche Advice Design Team

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}