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A guide to a UK Mortgage for Non Citizens

As a non-citizen, getting a mortgage in the UK can be challenging, but it’s possible.

This guide will provide all the information you need about securing a UK mortgage as a foreign national.

Factors to Consider
When Purchasing a Property in the UK​

 

Before you apply for a mortgage, there are several factors to consider, including:

Type and location
of the property

Your location preference will impact your mortgage lender options. If you're interested in buying a property outside London, you may have access to more lenders.

Intended use
of the property

If you're buying the property for work, consider purchasing a small apartment near the office. If it's for family, proximity to schools and amenities may be more important.

Type and location
of the property

Your location preference will impact your mortgage lender options. If you're interested in buying a property outside London, you may have access to more lenders.

Intended use
of the property

If you're buying the property for work, consider purchasing a small apartment near the office. If it's for family, proximity to schools and amenities may be more important.

Property
Management

If you plan to be away from the property for long periods, consider buying an apartment where the building management will maintain the property.

Your
Affordability

You will need to know how lenders will assess your affordability with any other mortgages, debts and commitments you have and be prepared to have them stress tested.

Property
Management

If you plan to be away from the property for long periods, consider buying an apartment where the building management will maintain the property.

Your
Affordability

You will need to know how lenders will assess your affordability with any other mortgages, debts and commitments you have and be prepared to have them stress tested.

Other things you’ll need to bear in mind are:

  • The length of the mortgage term
  • The amount of deposit or equity you’ll require, and
  • How you intend to repay the mortgage

These will all be considerations you’ll need to factor in.

How Much Deposit Do You Need to Purchase a Property in the UK as a Non-Resident?

The amount of deposit you’ll require as a non-resident will depend on various factors, including the property’s location and use, affordability, and citizenship. You should secure at least a 25-40% deposit. Before beginning your property search, it’s essential to understand how much you can borrow to ensure you’re looking for a property within your budget.

Stamp Duty land tax as a non resident

When purchasing property as a non-resident of the UK there may be additional stamp duty to pay in addition to the standard tariffs. This is 2% of the purchase price in addition to the standard payment. Use our stamp duty calculator to work out the amount of stamp duty payable.

Factors to Consider When Purchasing a Property in Another Country

Purchasing a property in another country can be a complex process, and it’s essential to understand local tax laws, mortgage contracts, and the lender options available to non-citizens. Partnering with a mortgage broker that specialises in international mortgages can help you navigate the process and find the best deal available.

Using a Mortgage Broker for UK mortgage for non citizens

At Advias, we specialise in arranging UK mortgages for non-residents looking to purchase or remortgage in the UK. Our experienced mortgage brokers have extensive knowledge of the products and lenders available. We’ll search through thousands of mortgage options to find the most suitable product for your circumstances. We have excellent relationships with Private Banks, Offshore lenders, specialist banks, and building societies that offer mortgages to non-residents.

Applying Directly to a Bank for a Non-Resident Mortgage

Depending on your nationality and financial situation, you may be able to apply for a mortgage directly from a bank or lender. However, lenders have different lending criteria for non-citizens, which may require more time and effort to find a suitable product. We suggest that you get professional advice before making any decisions.

Securing a UK mortgage as a non-citizen may seem daunting. Still, it’s a manageable process with the correct information and assistance. Contact Advias today for expert advice and assistance securing a UK mortgage as a foreign national.

If this guide was helpful and you’d like to understand your options for a UK Mortgage as a Non-Citizen better, then: 

Book a call

We’d love to assist you further.

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Advias Ltd provides independent mortgage advice and  is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 982478 The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. The information contained within this website is subject on the UK regulatory regime and is therefore targeted at consumers based in the UK. Your property may be repossessed if you do not keep up repayments on your mortgage. A fee will be payable for arranging your mortgage. Your consultant will confirm the amount before you choose to proceed, but this is typically 0.25% of the mortgage balance, e.g. £2,500 for a mortgage of £1,000,000. Advias Ltd Registered Address: Unit 1 The Cam Centre, Wilbury Way, Hitchin, Hertfordshire, United Kingdom, SG4 0TW Registered in England and Wales No: 13206156. We are a credit broker and not a lender. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
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