MoneyWeek - Getting a UK mortgage as an expat
If you’re applying for a UK mortgage but live abroad, be prepared for a complicated process.
Aaron Strutt, product director told MoneyWeek, Trinity Financial, says: “It can be a difficult process to secure a mortgage when clients are overseas, especially with the time difference and tighter lending criteria.
“Many lenders like borrowers to work for multinational firms, have a minimum income of at least £25,000. Interest rates tend to be higher, and a deposit of 25% is usually required.”
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