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.