Can I get a mortgage on a UK property if I’m living and working in a different country?

Yes. Yes you can. The options are certainly more restrictive but there are a number of lenders, usually smaller building societies, that can help with British ExPats mortgages on UK property while they are living and working abroad.

  • We’ve had clients that have moved abroad and would like to remortgage their existing property in the UK as their deal has come to an end.
  • We’ve had clients looking to purchase property in the UK to let out.
  • We’ve had clients looking to buy a property in the UK so they have somewhere to move into on their return.

Back in March 2016 the Financial Conduct Authority brought into force the ‘Mortgage Credit Directive’.  Amongst many other changes, this changed how lenders had to treat mortgages paid for with foreign income. Without going into too much depth, the result was that many lenders just refused to accept these types of mortgages going forward which made life difficult for many  to get ExPat mortgages.

Unfortunately, the lenders that remained in this market very much looked at each application on a ‘case by case’ basis again making it very difficult for individuals to navigate the market to find the best deal.

We’ve been helping Ex-Pats living all over the world for years and are very experienced in this area. Whether you’re Self-employed and living in Hong Kong or employed and living in the Democratic Republic of Congo we can help.

Next Steps

We’d be happy to discuss these types of deposits and your mortgage options to see if you’re eligible, do give us a call on 01174 520 330. Our initial conversations usually last around 15 minutes.

Alternatively, you can email enquiry@lloydwellsmortgages.co.uk and let us know how we can help you.

We will discuss:

  • How much you can borrow
  • What that will cost
  • What fees can you expect
  • How Lloyd Wells Mortgages work
  • What insurances you will need
  • What documentation you will need to provide
  • Next steps

Your home may be repossessed if you do not keep up repayments on your mortgage