Getting a mortgage as an Expat can be more complex than applying for a standard mortgage as a UK resident, income earner and taxpayer. Many High Street lenders simply do not offer Expat Mortgages, or have very strict lending criteria due to the increased risk of salary in a foreign currency or lack of UK credit history.
Whilst obtaining a mortgage as an Expat can be difficult, it’s not impossible. Every lender will have different criteria and assess you differently, if one lender declines you it doesn’t mean everyone will. Many mainstream lenders will be less flexible when it comes to assessing Expats but there are smaller, more specialist lenders who will take a more holistic approach and who understand Expats.
At Lucra we have helped Expats buy both residential and investment properties.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
Complete our form or give us a call. Everyone’s needs are different so we’ll gather all he info we need to help make your application as smooth as possible.
We have access to hundreds of deals. Our team will search the market and give you options that best suit your needs and save you money.
Buying a property is rarely straightforward, so our expert team will be there to guide you all the way through the process from offer to completion.
Your credit score is very important for your mortgage application. There are a number of factors that affect your credit score and therefore your ability to get a mortgage.
If you want to learn how to buy your first home with a small deposit, then you’re in the right place! We’ll walk you through your available options and next steps necessary to get your feet on the housing ladder. If you’ve been on the same mortgage deal for a while and have built up some equity in your current property, it might be worth looking at your remortgaging options.
A good credit score says to a lender that you are trustworthy, you can manage your finances in a responsible way, and that ultimately there is a good chance you will pay back what you owe them as agreed.
Our mortgage borrowing calculator will provide you with an approximation of how much you’re likely to be able to borrow. Mortgage affordability is subject to lots of different things, such as your credit history, monthly outgoings and deposit, and it can also vary from lender to lender.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
