What is the best way to get an expat international UK mortgage?
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andrea65
1 year ago
Expert Financial Adviser Answer
Paul Ross DipPFS CII(MP&ER)
answered 1 year ago
Your best bet is that I would highly recommend that you seek advice from a specialist mortgage broker about this, as this area will be rather complex for you. Darren Smith, another financial adviser who reports on this forum, may well be a good person to ask as he seems to know his way around this market.
The mortgage market has changed beyond recognition from what it has 3 years ago, before the credit crunch, and lenders, as reported, have not been keen to lend as they did "in the good old days". My feeling is, by talking to a specialist, you'll save yourself a lot of time and money.
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The mortgage market has changed beyond recognition from what it has 3 years ago, before the credit crunch, and lenders, as reported, have not been keen to lend as they did "in the good old days". My feeling is, by talking to a specialist, you'll save yourself a lot of time and money.
Expert Financial Adviser Answer
Darren Smith
answered 1 year ago
Hello Andrea
(and thank you Paul for your kind words!)
a general rule of thumb with mortgages is the more unusual your circumstances, the larger deposit you will need, usually starting at the 25% level and also the fewer lenders will be interested.
with the mergers between Bank of Scotland / Halifax / Lloyds / BM Solutions / Cheltenham & Gloucester we have seen what were once 6 competitors all fall under the same ownership and that doesnt even list all of their lending brands!
The mortgage market/lender choices will in my opinion continue to shrink as lenders look to save on admin and advertising/branding costs.
As Paul suggests, you need to have a chat with a specialist, yes, i can assist you but it would be more appropriate to consider details in a more private forum - feel free to email me or call.
report abuse
(and thank you Paul for your kind words!)
a general rule of thumb with mortgages is the more unusual your circumstances, the larger deposit you will need, usually starting at the 25% level and also the fewer lenders will be interested.
with the mergers between Bank of Scotland / Halifax / Lloyds / BM Solutions / Cheltenham & Gloucester we have seen what were once 6 competitors all fall under the same ownership and that doesnt even list all of their lending brands!
The mortgage market/lender choices will in my opinion continue to shrink as lenders look to save on admin and advertising/branding costs.
As Paul suggests, you need to have a chat with a specialist, yes, i can assist you but it would be more appropriate to consider details in a more private forum - feel free to email me or call.
