Browse our residential ex-pat lending criteria
Residential ex-pat lending criteria
A
No minimum income required.
Applications are capped at 4.49 loan to income, once converted to GBP using our currency conversion calculations.
We will not take a % haircut, however we will calculate affordability based on actual income/expenditure (net).
We can assess affordability using the below 20 currencies:
- US Dollar
- Euro
- Canadian Dollar
- Norwegian Krone
- Swiss Franc
- Danish Krone
- Swedish Krona
- Chinese Yuan Renminbi
- Emirati Dirham
- Saudi Arabian Riyal
- Hong Kong Dollar
- Kuwaiti Dinar
- Singapore Dollar
- Qatari Riyal
- Japanese Yen
- New Zealand Dollar
- Australian Dollar
- Bahraini Dinar
- Oman Rial
- Bermudian Dollar (if pegged as US Dollar)
E
Excluding applicants previously within full time education, all employed applicants must be in permanent full or part-time employment, on a fixed term contract or a zero-hours contract, and continuously employed for the last 6 months, including probationary period, if appropriate
I
All income and expenditure must be included in the local currency on the decision in principle and application form, not in GBP conversion.
J
We can accept applications where applicants 1 and 2 earn income in different acceptable currencies and/or reside in different countries.
L
There is a minimum loan amount of £50,000 for new mortgages. Lending above £1,000,000 can be considered on a case-by-case basis.
The maximum loan amounts are:
- Up to 75% LTV - £1,000,000;
- Up to 80% LTV - £800,000;
- Up to 85% LTV - £600,000;
- Up to 90% LTV - £500,000; and
- Up to 95% LTV - £400,000.
The above LTVs are subject to product availability.
M
All applicants must be aged 21-75 years of age.
N
The maximum number of applicants per application is four.
R
Applicant 1 must be a UK citizen and must be able to afford the mortgage in their own name, if the second applicant is not a UK citizen.
Applicants with dual nationality cannot reside in the country they hold additional citizenship in.
Applications can be accepted on a capital and interest repayment method only.
S
Applicants who already hold a mortgaged property either in the UK or overseas, will be subject to our second property affordability calculations.
