Why is it so hard to get an international mortgage?
If you are living abroad and you want to buy a house in the UK, you may have noticed how hard it is to get an international mortgage. The reality is, very few lenders offer genuine international mortgage plans for clients, but our international mortgages are available to expats of all nationalities, wherever you live in the world.
We only deal with lenders who have a proven international mortgages track record, so if we start an application for you, you can rest assured it should lead to a genuine mortgage offer. And with our “no offer, no fee” policy you have nothing to lose by contacting us.
If you bank with one of the main banks, such as Lloyds International, HSBC International, Barclays International or Santander International, we can tell you in advance whether you will qualify for their international remortgage products, saving you valuable time and avoiding the disappointment of getting into an application, only to be disappointed. In the case of Lloyds mortgages, offshore they no longer offer residential mortgages, for example.
If your UK fixed rate residential mortgage expires and you have moved abroad, you will need to remortgage.
International HSBC Mortgages
If you have an HSBC International or HSBC Premier account, you might be eligible for an HSBC international mortgage.
International Barclays Mortgages
If you have a Barclays mortgage, you will need to speak to Barclays International.
With both Barclays and HSBC, normally these banks will require you to have significant savings with them, before they can offer an international loan.
International Lloyds Bank Mortgages
Lloyds Bank customers who have moved abroad and want to convert a matured fixed rate mortgage in to an expat mortgage will need a new lender, as Lloyds no longer offer international mortgages.
International Natwest Mortgages
The position with Nat West mortgages is slightly easier, as they have three routes into an international mortgage service.
Before applying for any international mortgage, it is a good idea to be aware of the basis criteria all lenders will insist upon, you should ideally be salaried, but the self-employed are welcomed by many lenders now and you should be prepared to contribute at least a 25% deposit. Having some dealings is important too, bit not essential and if you have a poor credit history, this can also act against you, but again, there may be ways around this. For more information or guidance on international mortgages, please contact our experts.
Your home may be repossessed if you do not keep up repayments on your mortgage.