Apply for a mortgage in the UK as a non-resident
Looking for an investment property, or to move to the UK? We're here to help people from all around the world apply for a mortgage.
Who can apply?
Residential mortgage
To apply for a residential mortgage in the UK, if you're not already a resident, you should check that:
- you're a resident in one of the countries/regions listed above
- you can speak proficient English
- you earn a basic annual income of at least £75,000
- your loan-to-value (LTV) will be a maximum of 75%
Buy-to-let mortgage
To apply for a buy-to-let mortgage in the UK, if you're not already a resident, you should check that:
- you're a resident in one of the countries/regions listed above
- you can speak proficient English
- you earn a basic annual income of at least £50,000 (or £75,000 if you're self-employed)
- you have a deposit of at least 25% of the property value or 35% for mortgages above £1 million
How to apply
If you're a resident in one of the above countries or regions and you'd like to apply for a mortgage in the UK, you won't be able to apply online, instead just give us a call on:
+44 800 169 6333
Buy-to-let rates for non-UK residents
If you're interested in applying for a buy-to-let mortgage for a property in the UK, we've got dedicated rates just for you.
Not looking for a buy-to-let mortgage? Take a look at our rates for our other mortgages to find what could be right for you. Please note, the maximum loan-to-value (LTV) for non-UK residents purchasing a residential property is 75%.
Fixed-rate mortgages
A fixed-rate mortgage means that your payments will stay the same until the end date of the fixed-rate period, even if interest rates change.
Tracker mortgages
A tracker mortgage is a variable rate mortgage linked to the Bank of England base rate that rises or falls with it. This will affect your monthly repayments. Our tracker mortgages are available over a 2-year period.
Buy-to-let representative example
A repayment mortgage of £183,400 payable over 25 years initially on a fixed rate for 2 years at 2.79% and then on our current variable rate of 5.10% (variable) for the remaining 23 years would require 24 monthly payments of £850.07 and 275 monthly payments of £1,066.18, plus one final payment of £1,068.57.
The total amount payable would be £316,980.75 made up of the loan amount plus interest of £131,269.75, a booking fee of £1,999, solicitors fee of £295 and a completion fee of £17.
In this example, the overall cost for comparison is 4.90% APRC representative.
The above representative example is based on the highest APRC applicable to customers purchasing a property. Please note your actual costs and monthly repayments will vary.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Risks
Letting a residential property is a commercial transaction. You should only decide to become a landlord if you're sure you are competent and capable of undertaking the venture. This includes being competent in managing a portfolio and understanding your obligations and your responsibilities towards the tenant.
We're unable to give advice on any property investment decisions or on how you can meet your obligations to tenants. It's important that you fully understand the risks and consequences of becoming a private landlord, as well as the potential rewards. Independent financial, legal and tax advisers may be able to give you advice on your decisions. Recognised landlord bodies can also help you to understand your responsibilities.
The actual income generated from your rental property may differ and can be influenced over time by changes within the rental market. You will remain responsible for meeting the costs of your mortgage and the additional costs associated with letting the property for the duration of your ownership.
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