UK lending criteria for Foreign National Mortgage Applicants with a Visa
There are two main ways UK Mortgage Lenders look at underwriting around foreign national mortgage applicants living and working in the UK looking to buy a property:
- Qualify based on Length of time in UK OR
- Qualify based Length of time left on your current Visa
You can may be able to qualify under Rule 1 OR Rule 2, alternatively a combination of both Rules.
Bear in mind in the case of Rule 1 the greater you active credit record is the better your chances.
The mortgage guidelines below relate to conventional house purchases on a Visa. If you are after shared ownership, shared equity, New Build or Help-to-Buy please call us to discuss further.
* Must be buying with a person(s) who have permanent rights to reside in the UK.
** House purchase must complete before your Visa expires.
For more information on our range of mortgages for foreign nationals with a UK Visa please complete our enquiry form on the right-hand side of this page alternatively you can contact us on (020) 7993 2044.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Finance Brokers In London. His role is very much focused on Property financing both on residential and commercial lines.
You can call Payam on 020 7993 2044 or alternatively complete the enquiry form so he can personally get in touch with you.
Niche Advice is not tied to any bank, building society, estate agent or insurer and offers Independent Mortgage and Insurance advice.