Expat Mortgages

The Society will consider applications for a residential property, where the borrower works overseas for a multinational company, and wishes to retain a home within the UK, possibly for the benefit of family but is paid in a currency other than GBP.

The Society will also consider applications for a buy to let or holiday let property, where the rental income is earned in GBP and affordability of the mortgage is assessed against the rental income, with the borrower paid in a currency other than GBP.

Acceptable currencies are:

  • Australian Dollars
  • Chinese CNY / RMB
  • Canadian Dollar
  • Denmark Krone
  • Euro
  • Hong Kong Dollars
  • Norway Krone
  • Qatari Ryals
  • Saudi Ryal
  • Singapore Dollars
  • Swedish Krona
  • Swiss Francs
  • US Dollar
  • UAE Dirhams, (Emirati Dirhams)

Income derived in other currencies, will be considered on a case by case basis.

Minimum income £40,000 (sterling equivalent) and maximum LTV of 75% (residential) and 70% (BTL).

Applications from expats residing in the European Union (EU) and European Economic Area (EEA) will not be considered, due to the complexity of servicing these loans since the UK left the EU in 2020.

Where an expat works in the EU and resides there whilst working but returns to their UK residential (and correspondence) address, the case may be considered.

The European Economic Area consists of the Member States of the European Union (EU27) and three countries of the European Free Trade Association (EFTA) (Iceland, Liechtenstein and Norway; excluding Switzerland).