Expat Mortgages

Many of our clients are expats who have moved away from the UK, but who wish to retain a foothold in the UK property market. This may be in the form of a buy-to-let investment property, somewhere for a family to live, or just a place they can come to whenever they’re visiting home. Whatever the reasons, we understand the nuances of expat mortgages.

For non-UK residents, which expats are, securing a mortgage can come with some obstacles, so it’s important for borrowers to understand what will be required of them throughout the process.

WHAT DO I NEED TO KNOW ABOUT EXPAT MORTGAGES?

As an expat, your country of residence, income structure and worldwide assets will all be considered to determine the most appropriate lender for you. As will what the property is being used for whilst you’re overseas.

Many lenders prefer the property to be used as a buy-to-let, as this provides them with some UK-based income to show affordability. However, there are a good number of lenders who will overlook this, and be willing to accept foreign currency income and overall wealth as proof.

HOW CAN ENNESS HELP WITH EXPAT MORTGAGES?

We’ve helped clients based all over the world arrange expat mortgages in the UK. Naturally, some cases are more challenging than others and may require a detailed application and due diligence, but we can guide you in this.

Working with an unrestricted panel of lenders enables us to provide the best mortgage solutions no matter the circumstances.

We also understand that foreign exchange (FX) plays an important role in your property purchase, and can refer you to our trusted FX partners for market leading rates. Access to these rates will mean you get the absolute most out of your investment.

So whether you’re currently an expat, or you are about to move abroad and want to discuss what to do with your property, get in touch with our team who will guide you.

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