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Last updated 14 February 2024.
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CCJ’s/Defaults within the last 3 years are not acceptable.
CCJ’s/Defaults => 3 years prior to application are acceptable up to a maximum £2,500 – subject to an explanation and being cleared/satisfied 12 months prior to application.
No other adverse entries must show on credit file.
CCJs/Defaults are not acceptable over 80% LTV.
Applicants in probationary period are acceptable, providing they are in like-for-like employment with no gap in employment.
Applicants’ own deposit or gift from an immediate family member (spouse, parent, grandparent, sibling, child or grandchild) is acceptable. Evidence of the source of deposit is required.
We capture gross annual income and net monthly income details. In addition, we may also consider 60% of regular overtime, bonus or commission.
We’re unable to accept any new applications from your clients who are residing in, or have financial links to the countries listed on our Expat Country Exclusions List (PDF).
If you have an expat client who doesn’t reside in, or have financial links to one of the countries listed, we’ll consider your application.
Minimum: £30,000 (unless otherwise stated)
Maximum: £2,500,000 (unless otherwise stated)
Please note that loan sizes over £750,000 will be subject to a % arrangement fee.
£100,000
Both freehold and leasehold are acceptable for houses.
Freehold flats/maisonettes are not acceptable - leasehold only.
Flying freeholds – refer.
A Service Agent Agreement will need to be completed by your client before the expat mortgage is completed. This will confirm the name and address of somebody in England or Wales who will act as the Service Agent and who the Society can serve papers to should the borrower fall into arrears and possession proceedings need to commence.
Please note, evidence would need to be submitted to satisfy the above.
We accept foreign nationals who have secured Skilled Worker Visas (formerly T2 Visas) for certain employment sectors within the UK. Eligible applicants must have a job offer and a certificate of sponsorship from an approved UK-based employer to qualify for the immigration status.
At application we will require a copy of the Visa and confirmation that the applicant has resided in the UK for the last 12 months.
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