When you need specialist support to help buy property in the UK as an expat, the UK’s leading commercial leaders can help you, even when other lenders say no.
Expat Mortgages Available For:
- Non UK residents
- Applicants with no UK credit history
- Foreign Property investors
- British citizens and other nationals earning money in foreign currency
- Re-mortgaging your existing UK property
It can be very difficult for expats to get a mortgage, with many high street banks not providing these types of mortgages. Where mortgage applicants do not have a UK credit history, most lenders will not accept a mortgage based on their strict lending criteria. However, with the Commercial Finance Network, we have a specialist team to help expats to achieve their dream of buying a UK property.
Key Features of Our Expat Mortgages:
- Access to specialist expat lenders
- Mortgage loans for up to 95% LTV
- Over 10 years expertise in expat mortgages
- Arrange your mortgage from abroad
- Best interest rates available from the market
- Re-mortgages available
- Fast decisions on your application and fast processing
- Available even when there is no UK credit history
What is an Expat Mortgage?
An expat mortgage loan is a mortgage that is for British citizens or other foreign nationals that are living outside of the UK, who want to buy a property in the UK. In many cases, the applicant will be working outside of the UK and their salary will be paid in a foreign currency.
It is usually much harder to get a mortgage as an expat as many lenders see expats as higher risk borrowers, as they do not have a UK credit history that usually forms part of the key criteria in lending decisions in the UK. So, whether you are a British citizen, or a national from another country outside of the UK, you will need an expat mortgage to buy property in the UK.
An expat mortgage can be for a first-time buyer, for someone who has multiple properties or even for a re-mortgage on an existing UK property. There are lots of different options to suit the different requirements for each applicant and the Commercial Finance Network can help to ensure that the expat mortgage to suit your specific circumstances is found.
Why take out an expat mortgage loan?
There are many reasons that expats might want to buy property in the UK whilst residing abroad. For example, you may want to take advantage of low house prices in the UK, compared to many other parts of the world. If you are working in a country where property is incredibly expensive then it can make more sense to buy property in the UK if you want to get onto the property ladder.
Expat mortgages include taking out a mortgage for future residential use, as a family, individual or couple. Alternatively, you can use this type of mortgage in the form of a buy to let expat mortgage, to enable landlords to rent the property out.
Expat mortgage for investors
Buying property in the UK can be an investment opportunity, where an expat mortgage is required for applicants living abroad. Standard buy-to-let mortgages would not be accepted for expats with most mortgage lenders, so a specialist expat mortgage lender such as Commercial Finance Services is required.
We work with many expat property investors to help them to build up a property portfolio in the UK, which they are then able to rent out, or refurb the property to sell on at a profit. Many investors see the UK as the ideal place to invest in property due to the value you can get for your money, when compared to property prices in other countries across the world. There is also quite a healthy rental market in the UK, which makes it perfect for expats who want to become landlords renting properties out to tenants paying monthly rent.
There are very few banks and brokers that are able to arrange expat mortgages, but our team of specialist expat mortgage advisors are able to discuss your circumstances and find the best solution for you.
Specialist mortgages covering every detail
Mortgages can be very complicated even when you are just taking out a standard mortgage, so when you throw living outside of the UK into the equation, this makes it even more difficult. Working across different time zones, along with the challenges of different tax requirements and cross-jurisdictional legal requirements means that expat mortgages have to be provided by specialist companies who understand the requirements and legal aspects in depth.
This is why it is so important to work with a company that is highly experienced in arranging expat mortgages, so they can provide all of the advice and guidance that you need. With the mortgage company being based in the UK and the applicant being in another country, this can make the process much more difficult and can slow things down. However, our expat mortgage advisors work around the clock, to ensure that mortgage applications are being processed as quickly as possible, so that our customers are not missing out on opportunities due to slow completions.
Why Commercial Finance Network?
With over 10 years of providing financial solutions, the Commercial Finance Network has a dedicated expat mortgage team that can help expats to get the mortgage they need, even when other lenders have said no. With access to the whole market, including lenders with the most competitive rates, we can use our experience and network to find the best expat mortgage deals.
- We can arrange an expat mortgage even if you are not in the UK.
- Our 24/7 customer portal (WiiN) is available in the hours to suit you.
- We are able to get a quick decision on your application and fast processing time.
- We are experts in expat mortgages and can find the best deal for your specific circumstances, tailored to your needs.
Whether you are buying a UK property for the first time, or you are looking to build up your property investment portfolio, our wealth of experience will ensure you are able to access the best possible deals, based on your circumstances.
A mortgage is usually the biggest financial commitment you will ever make, so making sure that you are able to find the best deal on the market, can save you significant amounts of money over the long period of time that a mortgage typically runs for. Even the slightest difference in interest rates between two different expat mortgage deals will add up to a lot over 25 years, or however long the mortgage term is for.
Because there are so few expat mortgage deals compared to standard mortgages, using a specialist expat mortgage company such as the Commercial Finance Network is the best way to find the best deals out of the limited market. Many of the mortgages that we have access to are not available directly to applicants, so they can often end up paying over the odds for a mortgage that has a much higher interest rate than the ones we can find.
How to Apply For Your Expat Mortgage
Applying for an expat mortgage is very straightforward with the Commercial Finance Network, as we will guide you through every step of the process, answering any questions you may have. You will be allocated your own Dedicated Case Manager who will keep you updated throughout the process and you also have access to our unique customer service portal, WiiN. This is particularly useful for expat mortgages where you are in a different time zone to the UK, as the progress updates will be available 24/7 for you to check where your application is up to.
We offer a whole range of financial products that we have been providing to customers for many years and the expat mortgage is another competitive product that we can offer our expertise on to find you the best deals.
You can get started straight away by completing this form and we will get in touch with you shortly. We can then discuss what you require and we can immediately get to work on finding the right expat mortgage deal for you.
So, whether you are looking to buy a property in the UK with the intention to one day live in it, or you are buying property for an investment, talk to our expat mortgage experts today and we can start proceeding with your application.
Our Expat Mortgage Reviews
I would like to say how impressed I have been with the service I have received. I have been supported through every decision and have always been able to contact Andrew if ever needed. The professionalism and guidance has been first class and spanned over many months without wavering. I have already been suggesting this business to my friends and family and am very pleased with the mortgage I have received. Thank you for everything. A wonderful service.