Several of our clients are British expats now living overseas who wish to keep the security of a property in the UK. This may be in the form of a family home, buy-to-let, investment property, somewhere for a family to live, or just a place they can come to whenever they’re visiting home. Whatever the reasons, we understand the requirements of expat mortgages.
It’s important for borrowers to understand what will be required of them throughout the process for an expat mortgage as for non-UK residents, which expats are, securing a mortgage can come with some difficulties.
As an expat, your country of residence, income structure and worldwide assets will all be considered to determine the most appropriate lender for you. As will what the property is being used for whilst you’re overseas.
Many lenders prefer the property to be used as a buy-to-let, as this provides them with some UK-based income to show affordability. However, there are a good number of lenders who will overlook this, and be willing to accept foreign currency income and overall wealth as proof.
We’ve helped many expat clients all over the world arrange mortgages in the UK. Naturally, some cases are more challenging than others but we can guide you through this with a detailed application and due diligence.
Working with an unrestricted panel of lenders enables us to provide the best mortgage solutions no matter the circumstances.
We also understand that foreign exchange (FX) plays an important role in your property purchase, and can refer you to our trusted FX partners for market leading rates. Access to these rates will mean you get the absolute most out of your investment.
So whether you’re currently an expat, or you are about to move abroad and want to discuss what to do with your property, get in touch with our team who will guide you.
If you are arranging your mortgage from a different time zone, we’ll make ourselves available at times that suit you and we’ll do all the running around for you so everything is ready to go when you need it to be.
We don’t tend to publish mortgage rates on our website – ever more so for expat mortgages. In most cases rates are negotiable and based squarely on the individual circumstances of the borrower, their plans, assets and income.
Firco is an independent mortgage broker that has strong relationships with the key lenders in the UK mortgage market, including those private banks who do not have a high-street presence. We arrange bespoke mortgage solutions for our clients, providing a tailored one-to-one advisory service, delivered face-to-face or remotely, depending on what suits you.
Please click on ‘Become a Client, Enquire Now’ at the bottom of the page and complete the enquiry form and we will normally contact you within the same working day during business hours or if you would prefer us to contact you outside normal business hours then please advise and we will quite happily do so. Alternatively you can email us with details about your requirements to firstname.lastname@example.org or call us on 0151 372 0388