UK Mortgages for Middle Eastern Residents
- UK Mortgages for expats residing in Dubai, Abu Dhabi, Saudi Arabia, Bahrain, Qatar, Oman and other Middle Eastern Residents
Buying or remortgaging a UK buy to let property, if you live and work in Dubai, Abu Dhabi, Saudi Arabia, Bahrain, Qatar, Oman or elsewhere regionally
If you want to buy a property in the UK and you live or work abroad in any of the popular UK expat Middle Eastern destinations such as Dubai, Abu Dhabi, Saudi Arabia, Bahrain, Qatar, Oman, we can help.
• Your existing UK home mortgage might have reached the end of its fixed or discounted term and you now need to replace it, because you are living overseas
• When you moved abroad and became an expat, your lender allowed you to rent your house out. This permission has now expired, so you need a new mortgage that allows you to live abroad and rent your home in the UK
• You have been overseas for some time working as an expat. You now wish to develop a buy-to-let portfolio for pension or other savings goals
• You need to raise funds to refurbish your existing UK home, for example to put in a new kitchen or a loft room. Your current lender will not allow you to release capital from your home because you are now working abroad
• You have decided to settle for a while where you are living and want to buy a house to save on local rental costs. You have equity in your UK property and want to use this to buy a family house where you are now living abroad
Either way, with 25 years of experience helping expats residing in Abu Dhabi, Dubai, and elsewhere in the Middle East and around the world purchase and remortgage homes in the UK, we can help.
Living or working in Dubai, Abu Dhabi, Saudi Arabia, Bahrain, Qatar, Oman or within the UAE? Find out how to get a mortgage in the UK, today.
Do I qualify for an expat mortgage in the UK if I live in Dubai, Abu Dhabi, Saudi Arabia, Bahrain, Qatar, Oman or another Middle Eastern country?
If you are resident in the Middle East, whether in Dubai, Abu Dhabi, Saudi Arabia, Bahrain, Qatar or Oman, there are many UK banks and building societies who will offer you a choice of UK mortgages for expats.
What income do I need to qualify for an expat mortgage?
Ideally, banks like you to be salaried, but increasingly, lenders are becoming open to self-employed applicants, providing they can prove income. Usually, if you are self-employed you would show income via a tax return, but in many parts of the Middle East, you are not obliged to submit these. Another way to prove income for an expat mortgage in the UK is through an audit of your business locally, ideally carried out by one of the better-known international accounting groups. In many cases, if, for example, your business is incorporated in a Free Trade Zone, you will need to do this as part of your local licensing agreements anyway.
How much deposit do I need for an expat UK buy to let mortgage in the UK?
This varies by lender, but the majority of expat mortgage banks will ask for at least a 25% deposit. One or two expat lenders ask for 20%, but if you have more, this opens up the way to lower expat mortgage rates. Whether you’re looking for a UK mortgage in the UAE, Saudi or elsewhere in the Middle East, we are here to help find the best deal for you.
Is there a minimum salary for an expat buy to let mortgage in the UK?
Again this varies by lender. If you are earning at least £35,000 equivalent, you will have a lot of choice. Some lenders will accept £25,000 equivalent, others ask for £50,000 and finally some lenders disregard your income altogether. The better your overall profile, the lower the expat mortgage interest rate is likely to be.
If you reside in Bahrain, Dubai, Abu Dhabi, or elsewhere in the Middle East, speak to one of the leading UK mortgage brokers for expats today to discuss your particular requirements. Navigating the world of overseas mortgages can be challenging, so trust the experts and contact the team today.
To apply for a UK mortgage if you live or work in Dubai, Abu Dhabi, Saudi Arabia, Bahrain, Qatar , Oman and other Middle Eastern countries, click below…
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