Can I Get a Mortgage If I Work Abroad
Best Expat Mortgage Rates
Can I Get a Mortgage If I Work Abroad
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- 3.89% Initial
- 5 year fixed
- 5.6% APRC
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Cashback Max £1,250Free LegalsFree Valuation
- Get quotes
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- 4.04% Initial
- 5 year fixed
- 5.7% APRC
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Cashback Max £1,250Free LegalsFree Valuation
- Get quotes
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- 4.09% Initial
- 5 year fixed
- 5.7% APRC
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Cashback Max £1,250Free LegalsFree Valuation
- Get quotes
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- 4.19% Initial
- 5 year fixed
- 5.7% APRC
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Cashback Max £1,250Free LegalsFree Valuation
- Get quotes
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- 4.19% Initial
- 2 year fixed
- 6.5% APRC
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Cashback Max £750Free LegalsFree Valuation
- Get quotes
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Can I get a mortgage if I work abroad?
If you are abroad, we can help you with your mortgage
Our special features include:
- With our full market service, you can get loans from UK lenders even if you live in the UK but work abroad.
- Access to leading market mortgage rates for ex-pats & returning expats
- Access to exclusive loan deals not available on the high street
- Fast turnaround - talk to us today if you need to move quickly
Looking to raise additional finance on top of your existing mortgage or buy-to-let mortgage? - we have access to a range of finance solutions if you live abroad & need to finance a UK property.
Is it possible to get a mortgage if I work abroad?
It may be challenging to secure a UK mortgage if you are a UK citizen who works permanently outside the UK. However, it is still entirely possible to secure a UK mortgage regardless of whether you are looking to move back to the United Kingdom and wish to purchase a home first, looking to have a base for occasions when you need to return to the United Kingdom, buying a property for a relative, or buying a buy-to-let property as an investment.
Non-UK credit history can make it difficult for expats to secure mortgage finance if they have lived abroad for a long time. Even though this may initially sound better than having a bad credit history, lenders will not be able to assess what risk you pose. They will automatically consider you a higher-risk borrower. Expatriate mortgage providers, however, can assess each application individually.
An applicant's income details will still need to be verified by lenders, which means they will want to see their bank accounts and pay stubs. Multinational companies with UK presences also make it easier for expats. Despite this, it is possible to secure an expatriate mortgage even if you are self-employed.
You may find it difficult to provide evidence of even the most basic things during your application, such as proof of your current address, especially if your company pays for your utility bills. You may need a 'Letter of Induction' from your employer as proof.
The benefits of speaking to a broker when looking for a mortgage as an expat may outweigh those of applying alone. They will also provide a UK-based contact to assist you. During the application and negotiation process, they can assist you. Mortgages can also be obtained through a broker from various specialist lenders.
High street and smaller specialist lenders offer expat mortgages, but lending to someone who does not live in the UK is considered inherently riskier than lending to someone who does. As a result, lenders may require a larger deposit or charge higher interest rates than more traditional mortgages.
Independent Advice
If you are not sure about your mortgage options whilst living abroad speak to our independent mortgage broker team, who will be able to offer impartial advice or you can call us on 0117 403 3464