Personal assistance and helpful staff who kept me informed. 

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Ensure that you secure your expat Agreement in Principle… 

An Agreement in Principle (AIP) helps you ascertain what you can afford to borrow and understand the restrictions on property types and rental income which all affect your borrowing limit.  

Interest rates… 
 
It’s unlikely that you’ll be able to reap the benefits of the current low UK rates when going for your mortgage. You will probably have to use a specialist lender to get your expat mortgage, which usually go on their own rates rather than following something like the Bank of England Bank Rate. 

Don’t manipulate your application… 

The expat mortgage market is becoming increasingly regulated and hard evidence will be required to support your application.  
 
If you try and adapt your application because you think you know what the lender’s requirements are, then it’s only going end up going badly for you as they will find out.  

What will an expat or offshore mortgage get me? 

Mortgages for expatriates in the UK are usually capped at 75% loan-to-value, meaning that you’ll need a minimum of 25% of the property value as a deposit.  
 
This is down to the fact that shifting currency prices and various property markets are seen as added risks by the lender. 
 
 
Speak to a broker… 

Offshore mortgages are a specialist product that can only be dealt with by a handful of lenders but, with such a bespoke sector of the market, it’s important to seek advice from an expert who has access to a wide range of lenders.  

For advice on getting an expat mortgage, speak to one of our expert advisers who will be able to help you with the next steps.