We’ve extended our lending criteria to Foreign Nationals
25 January 2024 • Products & Services,Corporate
We will now consider Mortgage Applications from Foreign Nationals on either a Skilled Worker Visa (Tier 2), Global Talent Visa (Tier 1) or Health and Care Worker Visa, up to 80% loan to value (LTV).
Applicants must have been a resident in England or Wales for the last 2 years and have a 20% deposit from their own sources.
For applications in joint names, where one applicant holds permanent right to reside in the UK the maximum LTV increases to 95%, with only a 5% deposit required.
According to the Home Office, in the year ending June 2023, there were around 321,000 grants to main applicants on all work visas, 45% higher than in the previous year and almost two and a half times the number in the year ending June 2019.
Kathy Bowes, Intermediary Manager said: “Since leaving the European Union, all Foreign Nationals looking to live and work in the United Kingdom must have successfully applied for a visa and we’re delighted to be able to help these individuals purchase a home.”
Our mortgage products can be found by clicking here.
All our mortgages are available on properties across England and Wales.
For more information contact the team today.