Is it easy to get an Expat mortgage?
If you have chosen to live as an Expat and are looking to either purchase in the UK, remortgage your existing UK property or purchase a new buy to let investment, you will likely be contemplating our most commonly-asked question – how easy is it to get an expat mortgage in light of the recent changes in UK interest rates?
The answer to this is of course entirely dependent upon your individual circumstances, but for the majority of clients we support across the UAE, Asia and Africa, the answer is usually, YES, it is fairly straight forward.
There is likely to be more paperwork compared to a conventional mortgage if you were based in the UK, but as long as you pass the checks completed with any mortgage application, we are highly likely to be able to secure you a mortgage offer. These checks include affordability, size of deposit and verification of your identification.
Being ‘Whole of Market’ brokers, we have access to all UK lenders and also exclusive products. We can talk directly to underwriters if your case is complex, so we have an initial yes from the outset, so you can feel confident in the success of your application from the outset.
We are often approached by new clients who are seriously concerned about managing this process from abroad, but an experienced and regulated broker such as Ryan Radford, who manages Expat Mortgage Expert, will be able to walk you through this process and support you every step of the way.
Whether it is the remortgage of an existing property or the purchase of a new buy to let investment, contact us today to find out how we can help.