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.
Deposit Requirements
[ezcol_1fifth]Min time In UK[/ezcol_1fifth] [ezcol_1fifth]Min time left on Visa[/ezcol_1fifth] [ezcol_1fifth]Tier 1[/ezcol_1fifth] [ezcol_1fifth]Tier 2[/ezcol_1fifth] [ezcol_1fifth_end]Entrepreneurial & Ancestry[/ezcol_1fifth_end]
[ezcol_1fifth]6 months[/ezcol_1fifth] [ezcol_1fifth]6 months[/ezcol_1fifth] [ezcol_1fifth]10%[/ezcol_1fifth] [ezcol_1fifth]30%[/ezcol_1fifth] [ezcol_1fifth_end]30%[/ezcol_1fifth_end]
[ezcol_1fifth]2 years[/ezcol_1fifth] [ezcol_1fifth]None**[/ezcol_1fifth] [ezcol_1fifth]10%[/ezcol_1fifth] [ezcol_1fifth]10%[/ezcol_1fifth] [ezcol_1fifth_end]10%[/ezcol_1fifth_end]
[ezcol_1fifth]None[/ezcol_1fifth] [ezcol_1fifth]2.5 years[/ezcol_1fifth] [ezcol_1fifth]10%[/ezcol_1fifth] [ezcol_1fifth]10%[/ezcol_1fifth] [ezcol_1fifth_end]10%[/ezcol_1fifth_end]
[ezcol_1fifth]None[/ezcol_1fifth] [ezcol_1fifth]2 years[/ezcol_1fifth] [ezcol_1fifth]20% Professionals only[/ezcol_1fifth] [ezcol_1fifth]N/A[/ezcol_1fifth] [ezcol_1fifth_end]N/A[/ezcol_1fifth_end]
* 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.
