What is a Foreign National Mortgage?

If you’re a foreign national with a Tier 2 Visa, you may have been given told that you won’t be able to take out a UK mortgage, but this is a common mistake. If you’re in a good position financially, it’s likely you will be able to access the mortgage you need, and mortgage lenders will primarily assess your mortgage application based on the usual credit and affordability checks associated with buying a property. However, they will also be interested in factors such as how long you’ve lived in the UK and how much time is still left on your current visa.

While the requirements can vary from lender to lender, most will want you to have been a UK resident for at least two years, so you will have had time to build up some credit history.   Our Foreign and Visa mortgage specialist is Bhavin Patel – Miles Rhodes