Expat Mortgages
- Over 25 years experience providing expert mortgage advice to our clients
- Expertise in Residential and Buy-to-Let expat mortgages
- Team of expert mortgage advisers who manage the whole transaction
Helping Expats Finance UK Property Purchases
Are you a UK citizen living abroad, and looking to purchase property in the UK? Then we can help you navigate the often-complex process to getting the required expat mortgage. Whilst expat mortgages are in principle the same as any other mortgage, the key difference is that the number of lenders and lending criteria differs widely.
Expats may find it trickier to get funding than those living in the UK but this is where SPF can help. An expert mortgage broker can help to navigate the various options available, and help guide you through the process whether that is for residential or Buy-to-Let purposes.
Our team of advisers has plenty of experience in helping expats finance their UK property purchase and will know the best lenders to approach. Not only will you have access to competitive rates, we will also manage the entire mortgage transaction on your behalf – particularly useful if you are based overseas so can’t easily speak to lenders.
If your mortgage is classed as a foreign currency mortgage, changes in the exchange rate may increase the Sterling equivalent of your debt.
- What We Do
- Residential expat mortgages if you are moving back to the UK, or need a property for your family or children to live in
- Buy-to-Let expat mortgages if you are moving overseas and need to remortgage an existing property, or looking to purchase an investment property
Types of Expat Mortgages
You may want an expat mortgage on a residential property if:
- You are planning to move back to the UK and wanting to purchase a property
- You live overseas, but want a property for your family to occupy in the UK and for when you return
- Buying a property for your child/children to occupy whilst they study in the UK
If your mortgage is classed as a foreign currency mortgage, changes in the exchange rate may increase the Sterling equivalent of your debt.
You may want an expat mortgage on a Buy-to-Let property if:
- You want to remortgage an existing UK property to a Buy-to-Let as you are moving overseas
- You live overseas and have consent to let on a UK property, but need to remortgage on a Buy-to-Let basis
- You live overseas but want to purchase an investment property in the UK
If your mortgage is classed as a foreign currency mortgage, changes in the exchange rate may increase the Sterling equivalent of your debt.
FAQs
Can I get a mortgage when I live overseas?
Yes mortgages are available to UK expats living abroad, for both residential or Buy-to-Let purposes. Some lenders may have restrictions in place on which countries they accept. We help clients all over the world who don’t currently, or have never lived in the UK.
How much deposit do I need for an expat mortgage?
Exact deposit amounts for an expat mortgage will depend on the lender and your circumstances, but typically 20-30% would be the minimum requirement.
How long does the application process take?
Typically, it takes 4-8 weeks to obtain a mortgage offer for an expat mortgage. It will then go to your solicitor to complete the final work required to move to exchange/completion.
Do I need to travel to the UK to sign anything?
No, everything can be done via email, scanning documents, e-signatures and the post.
Do I need a UK bank account to apply for an expat mortgage?
The vast majority of lenders will require a UK bank account. Some will open one as part of the application, but for others you will need to open one in advance of submitting the initial application.
Contact Form
Please send us your enquiry using the form and one of our team will be in contact.