Whether you are buying a holiday home or going to work overseas for a few years, foreign property purchase has never been easier.
For UK expats buying in the Eurozone, local banks may offer more favourable rates than UK mortgage lenders, but you need to check out comparative rates at the time of purchase.
Foreign nationals buying property in the UK
To obtain a mortgage in the UK, lenders will normally require sight of a UK work permit or a permanent right to reside in the UK.
There are tailored home loans for foreign nationals or employees of government agencies or multinational corporations who expect to stay in the UK for an extended period
You will need:
* proof of your right to reside in the UK for more than 3 months old or a work permit, or
* have a permanent work contract and income references, or
* evidence of a permanent right to reside and paperwork showing you are a taxpayer
UK lenders are unlikely to consider you if:
* you are an asylum seeker
* you come from a country subject to Sanctions Orders
* you have no credit record or proof of earnings
