Expat Mortgages FAQs

An expat mortgage refers to a standard mortgage where the lender can lend to a UK national living abroad, recently returned, or a foreign national living in the UK.

How much can I borrow with an Expat Mortgage?

This is dependent on your income, deposit available and being able to meet the lender's criteria, but you may be able to borrow up to 75–80% of the property's value.

How much deposit do I need for an Expat Mortgage?

The minimum deposit for an expat mortgage is typically 20–25%.

Can I have an interest only mortgage with an Expat Mortgage?

Yes. There are some expat mortgage lenders that will lend on an interest-only basis. You will need to provide evidence of how you will pay back the loan at the end of the term.

What is the process to apply for an Expat Mortgage?

The process is largely the same as a standard mortgage:

• Initial enquiry
• Agreement in principle
• Mortgage application (borrower checks, income verification, valuation)
• Mortgage offer issued
• Solicitor progression
• Completion and release of funds

I have recently returned from abroad — do I need an Expat Mortgage?

You may not need to apply for an expat mortgage. It will depend on the time you have been back in the UK. Most lenders have a minimum time that you need to have been back to apply for a standard mortgage.

Can I apply for a Buy-to-Let Expat Mortgage?

Yes. There are lenders that will offer buy-to-let expat mortgages to expats and foreign nationals.

Can I get an Expat Mortgage with bad credit?

Having adverse credit can have an impact on your ability to obtain finance, or the terms available. However, there are lenders who will consider both adverse credit and expat or foreign national applications.

My deposit is coming from abroad — is that a problem?

You can apply for an expat mortgage with an overseas deposit, but be aware there will likely be more stringent checks on your source of funds. The level of due diligence will also be proportionate based on the country of origin.

FAQs

Can I get a UK mortgage while living abroad?

Yes, although lender choice is more limited and criteria vary significantly depending on country of residence and income currency.

Are expat mortgages more expensive?

They can be — often involving higher rates and deposit requirements compared to standard lending.