For a long time now the minimum mortgage available for non-residents looking to buy property in the UK was £100,000 but we can now arrange mortgages from just £30,000.
The previous minimum property value was £150,000 and that has reduced to £80,000. This opens up the market to people who were previously excluded and those looking to invest in a portfolio of cheaper properties for rental yields.
This is only available to British nationals in accordance with the lender’s rules. Other relevant information is as follows:
- Minimum loan size £30,000
- Minimum property value £80,000
- Available for both residential and buy to let properties
- No early repayment charges from day one
- Employed applicants only
- 3rd fastest growing UK lender
- Bank account to be opened with lender
- 3 months monthly repayment held in the bank account
- Competitive fees
- Both fixed and variable interest rates
My in-house mortgage department offers an excellent service and will assist with all aspects of any purchase or remortgage. Contact me to find out about your options and to find out about obtaining an application in principle.
More information regarding the process of buying property in the UK can be found in this earlier article. An expats guide to buying property in the UK
Finding a property for investment can be times consuming so if you do not want to go to the trouble of doing this yourself, I also deal with companies that source developments for investors, so please ask for an introduction.
If you would like advice on arranging a mortgage, simply want to find out about your options (for both the UK and the UAE), or have any queries about any aspect of personal financial planning, please contact me at keren@holbornassets.com
