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You are here: Home / Mortgages / Foreign National Mortgage / Rules for Foreign National Mortgage Applicants

by Payam Azadi

Rules for Foreign National Mortgage Applicants

95% Visa MortgageUK 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:

  1. Qualify based on Length of time in UK OR
  2. 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.

Deposit Requirements

Min time In UK
Min time left on Visa
Tier 1
Tier 2
Entrepreneurial & Ancestry

6 months
6 months
10%
30%
30%

2 years
None**
10%
10%
10%

None
2.5 years
10%
10%
10%

None
2 years
20% Professionals only
N/A
N/A

* 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 getting a Mortgage with a Visa please click here

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.

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.

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Filed Under: Foreign National Mortgage

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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.

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

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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.

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