Foreign National Mortgages in the UK
Finding a mortgage as a foreign national can be complex, so you must get professional advice to ensure you secure the borrowing you need!
Revolution Brokers works with clients worldwide, ensuring you have the best chances of approval and expert guidance to negotiate the most competitive rates on the market.
Many online mortgage application forms claim to offer outstanding foreign national mortgages. However, the reality is that this is a specialist type of home loan, and current knowledge about eligibility and interest rates is critical.
Here we'll explore a little more about foreign national mortgage guidelines - for more advice and to start your application, get in touch at 0330 304 3040, or send us a message at info@revolutionbrokers.co.uk.
How Can I Get a UK Foreign National Mortgage?
There is no reason you can't apply for a mortgage, whether or not you are a British citizen. Foreign national mortgages are the same as any other, except that they are available to non-citizens.
You might need this type of mortgage if:
- You don't have permanent residency status or are a non-UK resident.
- You were born outside of the UK but have permanent residency or indefinite leave to remain.
- You are an EU resident and don't have freedom of movement post-Brexit.
Lenders offering foreign national mortgages will typically look for two critical metrics when considering your application:
- The duration of your visa and how long you are permitted to remain in the UK.
- What sort of visa you have - some foreign national mortgage lenders only lend to specific visa routes, such as a spousal visa.
They'll also ask how long you have lived in the UK and whether you have been here or been working here for at least a year.
Foreign nationals applying for a UK mortgage have a better chance of approval with at least two years remaining on their visa at the point of application.