I want to buy a house in the UK but I work for an overseas company and don't pay tax in the UK can I get a mortgage?

Asked by starrjj

4 Answers

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Answered by Darren Smith, IFA in Basingstoke, HAMPSHIRE
it is possible, but not easy.

you'll need at least a 25% deposit and most high street lenders wont accept this type of business.

i would strongly suggest you contact a local IFA to assist you but not all can give advice to overseas clients and so it might need to wait until you are on UK soil. As there will be more work involved than on a typical mortgage you should expect to pay a fee for the work undertaken. | 01.14.11 @ 14:47
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$commenter.renderDisplayableName() — {comment} | 11.24.17 @ 03:59
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Answered by r.murdison
I agree with the above, whilst I used to be able to place these fairly readily if there was a 25% deposit, the mortgage was large enough and there was some independent professional third party who could be contacted to confirm income, nowadays there are a number of FSA constraints which mean compliance departments run for the hills when these arise.
Another possibility is to buy the property as a buy-to-let which isn't FSA regulated however you need to be aware that you would still need at least a 25% deposit & that both interest rates and arrangement fees are higher tha or residential mortgages | 01.14.11 @ 15:28
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$commenter.renderDisplayableName() — {comment} | 11.24.17 @ 03:59
Answered by Paul Ross DipPFS CII(MP&ER), IFA in Bourne, LINCOLNSHIRE
The likelyhood is "not likely". I have looked generically on my research system and I cannot find any lenders who will take non-UK earnings. As mentioned, you would be best to speak to a UK based Financial Adviser and they will try and find a deal which suits | 01.17.11 @ 06:12
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$commenter.renderDisplayableName() — {comment} | 11.24.17 @ 03:59
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Answered by graham
Hi there,

Well banks don't loan money to just anybody. They want to feel secure that you're able and responsible enough to pay them back. I think you should take advice from a qualified mortgage adviser.

Use a website like http://www.unbiased.co.uk/ to find a good mortgage adviser that would able to solve your queries.

However, as I am working as a london estate agent I think to buy a home you can make them contact as they help you to arrange mortgages, loans and finance as per your budget as well.
| 04.13.13 @ 09:44
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$commenter.renderDisplayableName() — {comment} | 11.24.17 @ 03:59
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Answered by

Darren Smith
Darren Smith, IFA in Basingstoke, HAMPSHIRE

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