Are you an expat looking to get a mortgage in the UK?
The moment you step off the plane and begin your life as an international worker, UK mortgages instantly become more complicated. At Skybound Wealth, we understand the complexities associated with international mortgages. That's why we provide expert UK mortgage advice specifically designed for expats living abroad who want to invest in UK property.
If you’re currently living abroad and looking to buy or remortgage a property in the UK, you’ll need an expat mortgage, as you won’t meet the criteria for a standard mortgage. Whether you're seeking to purchase a rental property or looking to maintain a property for your family whilst working abroad, with the right guidance, this can be a smooth and rewarding process for expats.
Ready to Start Your UK Property Journey? Contact Us for expert advice!
Expats looking for a mortgage abroad can face challenges in securing the best deal. With a multitude of providers and numerous different types on the market, one of the most complicated choices for an expat to make is finding the right mortgage lender.
Factors like your credit score and income are how lenders can establish your borrowing history and decide whether to offer you a mortgage deal. If you’ve never lived in the UK, you will not have access to a credit record. Nonetheless, UK nationals living abroad can also encounter credit score problems. If you’ve lived abroad for more than six years, you may have no record at all in the UK.
Mortgage lenders also need to know that you can make your loan repayments. This means, they will assess your income to ensure you will be able to afford the monthly instalments. It may, however, be difficult to assess this for someone who is buying a house overseas. This is where a proficient expat mortgage adviser can help.
Lenders will also consider your employment status, as they need to see if you’re receiving a stable income. Therefore, you should be able to provide proof of earnings such as payslips, however, these need to be translated into English. Some lenders may even prefer your past income to have been paid into a British bank account.
For expat mortgages, the required deposit is usually at least 25% of the property value. However, the requirements can vary depending on factors such as the location you want to buy, who you are borrowing from, the type of property you would like to purchase, and your current financial situation. In some rarer cases, you may be able to secure an expat mortgage with a 10% or 5% deposit, however, it could be that the bigger your deposit, the cheaper your interest rate is likely to be.
Applying for a mortgage for an international property comes with a variety of challenges and considerations. That is why it’s important to get professional help from a good mortgage broker.
Once we understand your circumstances, Skybound Wealth will search hundreds of options to find the most suitable mortgage for you and your individual requirements. Whether you’re a first-time buyer, moving home or looking for a potential re-mortgage, we’ll provide you with the information on the best mortgages that are available to you.
Do you require expert advice on international mortgages? Contact us for more.
You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.
Securing an international mortgage comes with its obstacles, and it can seem like a daunting process. However, it doesn’t need to be. At Skybound Wealth, we leverage our extensive experience in global coverage and deep knowledge of the mortgage market to offer a streamlined process for international mortgages. We specialise in bespoke international mortgage planning, empowering you to invest in UK properties and secure a more stable financial future, no matter where you are in the world.
Our team of international mortgage experts is on hand to cut through all the red tape and get the facts on what options are available to help find the right deal for you. We offer:
Whether you need an expat buy-to-let mortgage or planning to return to the UK in the future, the team specialises in navigating the complexities of UK property finance for overseas investors.
If you’re looking for a quote or more information on mortgages, contact our team today.
Jill V
Novartis
I have known Peter for approximately 7 years. He is very supportive and understanding of my quite complex situation (working in Switzerland, living in France, returning to UK on retirement). I appreciate his knowledge and ability to explain in lay persons terms all the options available to me, and his oodles of patience when asked to repeat on multiple occasions. Retiring is a huge financial transition and Peter has provided good guidance on how to invest my pensions and savings, which has given me confidence that my chosen financial strategy will provide for my needs into the future.
Alana
I am thrilled to share my experience with Nathan. As someone who was previously averse and weary about investments, I couldn’t have asked for a better guide on this journey. Nathan has been instrumental in helping me grow my property and investment portfolio, all while keeping my best interests at heart. What I appreciate most about Nathan is his consistent focus on the end game, retirement. He has laid out a clear, strategic plan that has instilled confidence in me for the future. With Nathan by my side, I feel assured that we are on the right path to achieving my retirement goals. I wholeheartedly recommend Nathan to anyone looking for expert and dedicated financial guidance!
Mercy
Working with Nathan Mpofu has been a seamless and rewarding experience. Our journey began in 2022 when he provided full support in securing an offshore bank account in a tax-efficient jurisdiction, an important step in safeguarding hard-earned savings and meeting long-term financial goals. Since then, we’ve developed a comprehensive financial plan with strategic investments across the property and securities markets. Nathan has a remarkable ability to simplify complex financial matters while delivering tailored, thoughtful advice. It has truly been a pleasure working with him. His professionalism, insight and unwavering commitment to client success consistently stand out. With clarity, care and integrity, he makes even the most intricate decisions accessible and manageable. Nathan approaches every interaction with patience and purpose, taking time to understand not just the numbers but the person behind them. He brings a rare blend of technical skill and human touch that sets him apart in this field. I’ve always felt confident in the decisions we’ve made together, and I have every confidence that anyone fortunate enough to work with Nathan will feel equally supported and empowered.
With over 20 years of experience in global finance across four continents, our extensive expertise has earned us multiple international adviser awards and glowing 5-star reviews, underscoring our commitment to excellence. As independent and internationally regulated financial planners, we provide reliable support and personalised strategies to help streamline your financial plans and secure your future.
Get in touch with our team today to receive tailored financial advice to maximise your earnings!
Do you need more information about our financial services? Feel free to browse through the latest news and advice for our expats including blogs, articles and more!
