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.
Esther Ouma
Dubai - UAE (IA)
I have had the privilege of working with Mr Christopher Ellis (Senior Advisor Skybound Wealth Management) as my Financial Advisor for several years, firstly, when I held a Premier Plan with Friends Provident International (now matured and surrendered on 3 February 2021) and a financial investment under Flex Global (on-going). I would like to state right at the outset that I have complete confidence and trust in Christopher’s financial advice and guidance. I have benefited from the passion, knowledge, and genuine interest that he continues to exhibit in guiding me through my financial investment journey. He has been very proactive in his approach to making me understand the situations and different scenarios in the financial markets. Christopher has consistently kept me abreast of the changes in the financial markets and guided me in making sound investment options. I appreciate his deep understanding of the markets, his analytical skills, and forthrightness at enabling me understand the intricacies and risks, particularly during the early days of the COVID 19 when there was uncertainty and fear due to the significant volatility experienced in the financial markets. He has communicated the problems and gaps in my financial plans and offered solutions that I understand as a lay person. I highly appreciate the regular and well-planned review sessions that confirm my confidence in his guidance. I always look forward to the various one to one policy review sessions that he handles holistically, including analysis of market trends, gauging my understanding, and exposing me to aspects of my portfolio that I would not otherwise understand. I believe strongly that my investment portfolio with Friends Provident International was properly structured with timely reallocation of assets whenever goals changed. I can state with confidence that Christopher is familiar with me as a client and can easily detect when I have concerns. Finance is not one of my strongest areas and I am a very cautious person. Therefore, I really do appreciate the fact that he is able to break concepts down to the extent that gives me the courage to walk my financial journey. As recent retiree, I look back with nostalgia and satisfaction at the interest Christopher took at my impending retirement. While I understood clearly that the markets were sometimes volatile and this could impact negatively on my investments, his reassurance and encouragement at taking risks helped calm my anxieties and apprehensiveness. I am very happy with Christopher’s services and happy that I am working with a financial adviser who is interested in my needs and understands me fully as client.
Saria Mahir
Dubai - UAE (IA)
It has been a pleasure dealing with Kimberly Poliquit. She is constantly ahead of matters and has never failed to deliver. It certainly feels assuring interacting with her and I can comfortably say that she exceeds the expectations.
Steve Ben Occitanie
Geneva - Switzerland (ARIF)
Ryan has been managing my financial planning now for nearly three years, and I am delighted with the results. He is proactive & accessible and a pleasure to chat to. Strongly recommend!
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!
