Obtaining a mortgage as a non-UK citizen can be a more complicated task compared to a UK citizen.  Every lender has their own standards when it comes to providing mortgages. When looking into mortgages for non-UK citizens, the requirements can be even more rigorous and stringent.

Visas typically determine your status within the country and, therefore, directly link to lending criteria. Visa requirements in the UK for obtaining mortgages can be intricate and require substantial research prior to submission. In order to successfully apply for a mortgage, it is important to determine what type of visa you hold and if you have indefinite rights to remain

There may be additional documents that a lender will request from you such as:

• Employment contract - proof of your permanent job
• Valid UK work permit
• Bank statements showing salary credits and payslips
• Proof of visa status
• Proof of deposit - showing how the funds were obtained and what country they have come from.
• Accurate and up to date address history - to show how long you have been a UK resident for
• Investment portfolio (if you own multiple buy to let properties)
• ID
• Credit report - to see how strong your credit history is

There are many factors to take into consideration when applying for a mortgage, even more so for non UK residents as you will need all relevant documentation for the lender before applying for the mortgage, in readiness for the application process.

Mortgage brokers will advise what type of lender you will need to apply for a mortgage in the UK with, the different types of lenders are:

• High street lenders
• Specialist lenders
• High street banks

Many lenders accept this type of mortgage application. A mortgage broker will be able to research your mortgage options and get a mortgage and interest rates which are suitable for you, however, there may not be many options available. If you have overseas income you may be able to use this towards your affordability, but not always, still worth mentioning to your mortgage broker.

Can I get a UK mortgage without being a UK citizen?

It is important to ensure that you are able to demonstrate a good and traceable credit history and pay any deposits required. Different lenders may have different criteria regarding visas, so it’s important to check with them prior to application. Additionally, some lenders may require proof of employment or income before they will consider your application.

When it comes to non-UK citizens, some lenders may require additional paperwork and evidence in order to support a mortgage application. This could include having an active UK bank account and proof of identity, such as a passport or visa. Most lenders will want the applicant to have a certain amount of UK address history before they are considered for a full application.

Furthermore, the amount borrowed can also be affected based on these documents, so it is essential that you provide accurate information and documentation. A mortgage broker will advise which relevant documents will be needed for the application to pass underwriting with the lender's criteria.

Mortgage requirements for foreign nationals living in the UK

If you have permanent residency or indefinite leave to remain, you will usually be treated in the same way as a UK citizen when it comes to mortgage lending, as long as you have lived in the UK for at least two years, have a permanent job and a good credit history. Some lenders will consider applications outside of this criteria.

If you don’t have permanent residency, you may find it more difficult to obtain a mortgage but there are options available.  Typically a non UK resident without permanent rights to reside will require a larger deposit, this is usually 25%. Other requirements usually include a 2 year UK address history and a certain amount of time left on their visa. Lenders will also consider their contract type.

Until recently getting a mortgage if you were an EU citizen was straightforward. Since Brexit, this has become a little more complex which is why using the services of a mortgage broker can make the process much easier.

Mortgage Lenders

It is important to consider all aspects of obtaining a mortgage as a non-UK citizen prior to submitting an application in order to ensure the best possible outcome.

If you are not a UK resident or citizen it is tricky but it's far from impossible to get a mortgage. There is a range of lenders that are more than happy to lend to borrowers in this situation, but each has different requirements. It's therefore a good idea to use a mortgage broker who specialises in this type of mortgage finance. 

For more information on mortgages for non-UK citizens, contact a mortgage professional today to discuss your options. They will be able to provide tailored advice and guidance based on individual circumstances to help make the process of obtaining a mortgage as seamless and stress-free as possible.

If you are looking for mortgage advice in the UK, contact us at 0151 662 0188 or email [email protected]