Ex Pat Mortgages

Posted on 25 October 2011 by Danny

I am a UK national that left the UK nearly three years ago to work full time overseas. At the time I sold the mortgaged property I owned and the proceeds of the house sale have been underperforming in the bank. Therefore, although I do not intend to return to the UK for another 4-5 years I am interested in a buy to let property.

What I am not clear on is how feasible it would be to get such a mortgage. I would be able to provide a >50% deposit and would require a mortgage of circa £70000 or just over 1 x annual earnings. Such a mortgage would allow me to charge a rent of circa 150% of the mortgage payment, but I am concerned that the fact I am not employed by a major multinational may scupper my chances. I work for privately owned company that employs circa 1300 people on a full time contract.

Given the current economic climate are there companies who would be willing to consider offering someone such as me a Buy to Let mortgage?


The fact that you do not work for a multi national company does exclude you from getting a mortgage from one Lender, but fortunately there are others who will consider an application from you.

I believe we can help you and that you would benefit from speaking to one of our independent mortgage advisers.  Please call 0344 346 3672 and tell the consultant the date and title of your question, they will then be able to advise you on your situation.


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.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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