Contact Us

How a UK Expat Mortgage Works

Wondering how a UK expat mortgage works? Offshoreonline explains…

Expat mortgages and remortgages in the UK generally take 4 to 6 weeks to arrange, but it may take longer to complete on a sale, as the work of conveyancing solicitors cannot always be predicted easily.

Expat remortgages

If your mortgage is coming to an end or you have moved aboard and want to put your home loan on an expat mortgage basis, the process for an expat remortgage is normally straightforward and can be completed in 4 weeks from receipt of your full application.

Expat mortgages – the fees

As well as your lender fees, you will sometimes have you pay legal and valuation fees as well. Some lenders offer discounted rates for valuation, e.g. free valuations on properties valued up to £500,000, above that the client pays a small top up, whilst others offer cashbacks. Typically, cashbacks are offed for expat remortgages, not expat mortgage purchases.

Expat mortgage conveyancing

Whether you are mortgaging or taking out an expat mortgage to buy a new property, you will need a conveyancing solicitor. We offer a link to a third party panel of expat conveyancing solicitors – all the firms are familiar with expat house purchases and expat mortgage procedures, so will understand difficulties of timelines etc. Please click here for details.

Offshoreonline has been serving expatriates across the globe for over 20 years we understand the difficulties expatriates face in accessing UK mortgages. Our panel of mortgage lenders includes both banks and building societies, all of whom are experienced and offer a range of UK expat mortgages specifically for expat property investors. We pride ourselves on our service levels and we can normally give expat customers an indicative opinion within 24 hours.

Our aim is to ensure you receive your expat mortgage offer quickly and effectively. Our expat mortgage application process is simple and easy to follow even if this is the first time you have bought a house.

If you are considering buying a new home abroad by releasing capital from a UK home, we can help too, or if you want to release equity from an existing UK house you own for a new buy to let property investment, again we can help.

Contact Us for General Enquiries and Advice →