Do I qualify for a mortgage as a Pakistani national on a work permit for the last 7 years ?

Posted on 28 January 2016 by Sohail

I am a Pakistani national working on a work permit in the UK for the last 7 years. I was wondering if I can get a mortgage? I have an active bank account for the last 7 years with a very good credit rating from Experian. I will really appreciate if you can provide some guidance in this regards.

Hi Sohail,

As you are living and working in the UK, there are lenders whom we can approach to secure a mortgage for you. It's certainly true that are a number of lenders who have specific criteria for foreign nationals, and there are also lenders who manually underwrite cases and will look at foreign nationals a little more sympathetically than the high street tends to.

Having an active bank account can have a positive impact on your good credit rating and helps towards building a ‘credit profile’, but this is only one component part  other things such as being registered on the electoral register are equally important.

The loan to value that you are looking at, as well as the rest of your overall financial position will also play a part in working out how much you may be able to borrow. There are now new affordability rules in place, which mean that actual loan sizes can vary from each lender. For that reason I'm unable to give any real figures until such time as we know your full circumstances and I suggest that you contact one of our brokers to discuss this further.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

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