Can I Get a Mortgage if I am in the UK on a Visa?

A concise guide to how UK mortgages work for visa holders and why your residency or citizenship status may impact your mortgage rates and approval prospects.

About your mortgage

Error: Yearly income income must be between £1 and £10,000,000.

Error: Regular bonus must be between £1 and £10,000,000.

Based on your yearly income, you may be able to borrow:

£0

Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.

£0

Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.

£0

Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

Can I Get a Mortgage if I am in the UK on a Visa?

Applying for a mortgage on a UK property without being a resident or having the permanent right to stay can be tricky.

In this guide, the Revolution team summarises how mortgages work for non-UK nationals and the best way to find the borrowing you need.

For bespoke guidance specific to your visa status and circumstances, give us a call on 0330 304 3040, or email the team at info@revolutionbrokers.co.uk.

How Can I Get a UK Mortgage as a Visa Holder?

A lot depends on what sort of visa you have. Many lenders will consider the application provided you have at least 2.5 years left to run - and others will have minimum requirements for how long you have lived and worked in the UK.

Even if your visa is due to expire, there are sometimes mortgage options.

In that scenario, you'd usually need a higher deposit of at least 25% and might find that your quoted interest rates are higher to counteract the increased risk.

Mortgage lenders will assess your application depending on what sort of visa you have. Most will consider:

  • Tier 1, 2 and 5 UK Visas.
  • Spousal and ancestry visas.
  • Student and work visas.

Can I Get a Mortgage as a Tier One Visa Holder in the UK?

You can, provided you meet the other eligibility criteria. Lenders will look at:

  • When your visa expires, ideally at least 2.5 years left to run.
  • How long you have lived in the UK - the longer, the better.
  • What deposit you have. Most lenders need at least a 25% deposit.

If you don't meet those requirements, there are still options available from niche lenders, provided you appoint an experienced broker to negotiate the terms on your behalf!

Are There Mortgages for Tier Two Visa Holders?

There are, and the assessment process works similarly to tier one visa applicants.

Lenders will want to see that you have been living in the UK for at least two to three years and have a minimum of six months, and sometimes one year, remaining on your visa.

The other criteria apply, so your deposit, whether you have a UK bank account, your credit rating, and stable British employment are also factors.

How Do Mortgages Work for Applicants on a Spousal Visa?

Spousal visas mean that you are married to a UK resident or citizen and have the permanent right to live and work in the UK. Therefore, there is little chance of your visa being declined, and you shouldn't have any trouble finding a mortgage.

If your partner has a spousal visa, you can apply together for a joint mortgage - and usually borrow much more than as a sole applicant.

Can I Buy an Investment Property on a UK Visa?

Possibly, but this is usually more complicated. If you are in the UK on a non-permanent visa and want to buy an investment rental property, landlords will perceive this as reasonably high risk.

However, if the rental income will comfortably cover the mortgage interest, you have landlord experience and have a fairly long time remaining on your visa, you have a better chance of buy to let mortgage approval.

Buy to let visa holder mortgages usually require:

  • Holding either a Tier 1 or Tier 2 visa.
  • Three years living in the UK as a minimum.
  • Having at least a year to run on your visa.
  • A minimum deposit of 25%.
  • Prior experience of at least six months as a UK landlord or living in a property in the UK, which you own.

What is the Maximum Mortgage for a UK Visa Holder?

The maximum you can borrow depends on many factors, including your age, credit history, income and other debts.

Most lenders will offer mortgages at a maximum of 4.5 times your annual income. Some will offer five or even six times your yearly earnings, depending on the circumstances.

How Can I Calculate Mortgage Affordability on a Visa Application?

If you're unsure what you can afford or how much a mortgage lender might be prepared to offer, give the Revolution team a call for assistance.

The calculation includes looking at:

  • Your income and earnings.
  • Regular outgoings and debts.
  • How many dependents you have.
  • The health of your credit report.

Expert Help with Mortgages for Visa Holders

Your mortgage application success depends very much on what sort of visa you have, how much you need to borrow, and your circumstances.

For help identifying the right mortgage lender and product for you, give mortgage advisors a call on 0330 304 3040, or message the team at info@revolutionbrokers.co.uk.

Why Revolution Brokers?
  • Whole of market brokers

  • Mortgage that suits you

  • On time customer support

Latest Blogs

26 Jan 2022
How Does a Remortgage Application Work?

Most homeowners know that remortgaging means switching a mortgage from an existing lender over to a new deal. However, the process isn't always obvious. If you're on a fixed-rate deal, you'll want to get ahead of the end of the term to avoid being shuffled onto a higher standard variable rate where your interest costs will undoubtedly ..

17 Dec 2021
Understanding Lender Risk on First-Time Buyer Mortgages

Finding a great mortgage as a first time buyer can feel like an uphill struggle, with a larger proportion of applicants being turned down than a year ago. Around 20% of first-time mortgage applicants are rejected, usually because of the lender risk associated with their loan. Today, Revolution Brokers explains the highest risk facto..

28 Oct 2021
Pros and Cons of First Time Buyer Buy to Let Mortgages

Investing in a rental property can be an excellent way to get onto the property ladder and earn an income. However, if you haven't owned a residence before, you might find that a mainstream bank will automatically turn you down for a buy to let mortgage. In today's guide, the Revolution Brokers team explains how you can become a ren..

12 Oct 2021
Mortgage Deposit Requirements for First-Time Buyers

Buying a home for the first time is a massive step - but the deposit is often a stumbling block for first-time buyers. It can take years to save a sufficient amount or be impossible, so there are several ways to approach the problem and get your foot onto the property ladder. From April 2021, the UK government launched the new mortg..

24 Jun 2021
Why Property Auction Finance is Booming!

There is little doubt that UK buyer confidence is at an all-time high. We've recapped previously in our blogs how property market growth and prices have soared over the last few months! As we head into summer, one key area of mortgage finance seems to be expanding rapidly: property auction finance. In this article, the Revolution..

25 May 2021
Property Development vs Buy to Let Investments

Here at Revolution Brokers, we work with thousands of property investors every year. That might be to: Remortgage a portfolio of rental properties. Secure development finance for a new project. Finance a standalone property purchase or multiple acquisitions. Streamline portfolio mortgages for multiple investments. We ofte..

Offer!

Refer, Relax and get £50

If you refer a friend for a mortgage or any
type of finance you’ll both receive £25
each when their new application
successfully completes.

Know More!

We are proud
members of the:

FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

Ask the Mortgage Experts

Revolution Brokers understands that mortgages can be complex and confusing!

Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.