International mortgage case notes: foreign nationals and expats
Explore mortgage case notes for foreign nationals in the UK, British expats and overseas non-British buyers, organised by the issue you need reviewed.
Overseas foreign national without a UK credit history: case notes
An applicant who remains overseas presents a different residence situation from somebody who has recently moved to the UK. The absence of a UK credit file should be considered in that context.
Overseas buyer using a family gift for a UK deposit: case notes
A family contribution needs a clear explanation of whether it is genuinely a gift or must be repaid. Calling money a deposit does not settle that question.
Non-British joint buyers living in different countries: case notes
A joint overseas purchase combines the circumstances of more than one borrower. Nationality, residence and the purpose of the UK property need to be clear for each person.
Overseas buyer with several income sources for a UK mortgage: case notes
Multiple income sources need to be identified individually before discussing borrowing. Earnings from employment, a business, investments or property should not be presented as a single salary.
Overseas foreign national with self-employment income: case notes
An overseas self-employed buyer needs to explain residence, business activity and the income available personally. These may involve more than one jurisdiction and different financial records.
UK company mortgage with overseas directors: case notes
A company borrowing proposal needs to identify the company, its owners and the people behind the application. The directors’ overseas residence is one part of that structure, not the whole case.
Overseas foreign national buying a UK rental property: case notes
An overseas rental-property enquiry needs to explain both the applicant’s position and the proposed letting. Buying for tenants is a different purpose from buying a home to occupy personally.
Non-British overseas buyer purchasing a first UK property: case notes
Nationality, country of residence and property purpose are separate parts of an overseas purchase enquiry. A non-British buyer living abroad should not be described simply as a British expat.
Product transfer or remortgage for a British expat: case notes
A product transfer generally means changing the deal with the existing lender; a remortgage involves moving the borrowing to another lender. The appropriate comparison depends on what else the borrower wants to change.