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I'm an Ex-Pat returning to the UK next year. What are my chances of getting a mortgage?

Posted on 19 August 2013 by Kirsty


I've been an expat living in Australia for 5 years. I want to return home next year and hope to get a mortgage relatively quickly. I've been self employed within the same business for 10 years. The income is generated online and so follows me wherever I live. So when I change countries it's new country but same old business and income levels. I'll have a decent deposit upon return (around 50% or hopefully more) and am only looking to borrow £75k max. I have had two buy to let mortgages and three UK bank accounts regularly used in my absence. My income is fine for borrowing such an amount. Just can't find any information on such a situation. Do you fancy my chances?! Kirsty

Kirsty,

At 50% loan to value, I'd be very disappointed if we couldn't find a lender to assist you. It is true that mortgages for ex-pat's and returning ex-pat's aren't the easiest to place, however the low loan to vale, combined with having the Buy To Let's, and UK bank accounts will make it easier, as you have current UK credit history that lenders can check against.

The choice of lenders is most likely to be between those who manually underwrite cases and 'credit check' rather, than those who base their lending decisions purely on your 'credit score'.

Once it's a little closer to the time when you're looking at returning it would most certainly be worth talking to one of our consultants to go through your options in more detail.

Regards,

Simon

simon.collins@johncharcol.co.uk

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