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Edinburgh · Scotland · UK-wide

Expat and international mortgages

British expats and foreign nationals can borrow against UK property, but the mainstream high street is largely closed to them — most banks require UK residency, a UK credit footprint and sterling income. The lending exists in a specialist market: private banks, international arms of UK lenders, and a handful of building societies that will accept foreign income, non-resident applicants and applicants with no UK credit history. Expect 25% to 35% deposits and rates around 0.5% to 1.5% above mainstream. Prime Mortgages arranges expat and foreign national lending on UK property, and can introduce clients to overseas mortgage specialists for property abroad.

British expats buying in the UK

If you are a British citizen living and working abroad, you can still buy a UK home or buy-to-let. Expat lending is a well-established specialist market, though it is priced above mainstream and the paperwork is heavier.

  • Deposit — typically 25%, occasionally 20% for strong cases in favoured jurisdictions
  • Income currency — most expat lenders accept USD, EUR, AED, HKD, SGD, CHF and others, usually discounting foreign-currency income by 20%–25% to allow for exchange risk
  • Employment — employed applicants with a multinational employer are easiest; self-employed expats need a wider search
  • Restricted countries — lenders maintain sanctions and financial-crime lists, and some jurisdictions are excluded outright regardless of the applicant
  • Buy-to-let — expat buy-to-let is generally easier to arrange than an expat residential mortgage, because the rent does most of the work

Foreign nationals living in the UK

If you live and work in the UK but are not a British citizen, the main questions a lender asks are about your visa and how long you have been here.

StatusTypical position
Indefinite leave to remain / settled statusTreated as a UK national by most lenders
EU settled statusBroadly mainstream access
Pre-settled statusGood access, some lenders want 2+ years' UK residency
Skilled Worker visa, 2+ years remainingWidely accepted, often 10%–15% deposit
Skilled Worker visa, under 2 years remainingNarrower panel, often 20%–25% deposit
Under 12 months' UK residencySpecialist lenders only, larger deposit

No UK credit history

A thin or absent UK credit file is a common blocker and is fixable, but slowly. Lenders cannot verify what they cannot see, and some will decline purely on the absence of data rather than on anything negative.

If you have six to twelve months before you need to buy, registering on the electoral roll where eligible, opening a UK current account, and running a small regular commitment through it will build enough of a file to widen your options considerably. Where time is short, some specialist lenders will accept an international credit report or a reference from your overseas bank instead.

Buying property overseas

We regularly work with clients buying in Spain, Portugal, France, Italy, Dubai and the US. Overseas mortgages are arranged through specialist international brokers who hold the relevant local permissions, and we make that introduction rather than advising on foreign lending ourselves.

Where it is more efficient, an alternative is to release equity from your UK property and buy abroad in cash — often cheaper and considerably faster than arranging local finance, though it does secure the borrowing against your UK home.

Note. Mortgages on property outside the UK are not regulated by the Financial Conduct Authority. Where we introduce you to an overseas specialist, we will make the basis of that introduction and any fee clear in writing beforehand.

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Common questions

Frequently asked questions

Can I get a UK mortgage if I live abroad?

Yes. Expat mortgages are a well-established specialist market for British citizens living overseas. Expect a deposit of around 25%, a rate roughly 0.5% to 1.5% above mainstream, and more documentation than a domestic application. Expat buy-to-let is generally easier to arrange than expat residential.

Can a foreign national get a mortgage in the UK?

Yes. If you hold indefinite leave to remain or settled status you are treated much like a UK national. On a visa, access depends largely on how long you have been in the UK and how long remains on the visa — with two or more years remaining and two years of UK residency, most of the market is open to you.

Can I get a mortgage with no UK credit history?

It is harder but possible. Some specialist lenders will accept an international credit report or an overseas bank reference. If you have six to twelve months before buying, building a basic UK footprint — electoral roll registration where eligible, a UK current account, one small regular commitment — will widen your options substantially.

Will lenders accept income paid in a foreign currency?

Many expat lenders will, in the major currencies. They typically apply a discount of 20% to 25% to foreign-currency income to allow for exchange rate movement, so you can borrow less than the headline figure suggests. Income in a currency pegged to sterling or the dollar is viewed most favourably.

Can I use my UK property to buy a home abroad?

Often yes, by remortgaging or taking further borrowing against your UK property and buying overseas in cash. It is frequently faster and cheaper than arranging a local mortgage abroad, but it secures the borrowing against your UK home, so the risk sits there. We will set out both routes.

Related

We advise across the whole of the UK. Prime Mortgages is based in Edinburgh and knows the Scottish process inside out — Home Reports, offers over, missives, LBTT and the Additional Dwelling Supplement. But our lenders are national, and we advise clients in England, Wales and Northern Ireland every week. Appointments by phone or video, documents handled electronically, so where you live is rarely a constraint.

Not sure where you stand? Ask us.

A twenty-minute conversation will tell you what you can realistically borrow, what it will cost and whether it is worth doing. It is free, and we will tell you honestly if the answer is no.

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