I've been working abroad for 8 years. Can I get a mortgage in the UK before I return?

Posted on 11 November 2014 by Jaan

I have been living and working in China for the last 8 years but would now like to buy a house in the UK. My plan is to let the property for the next 3-5 years before moving back to live there. I have been browsing properties in the west midlands for around £300K. My wife and I can raise a deposit of around £150K. I have a salary of £33K (from a US based firm payed into a chinese account) and my wife earns around £40K but she is a chinese national and works for a local chinese company. I assume that no UK lender will consider her income. Is that correct? Do you think it will be possible to borrow this amount based on my salary only? I would definately want a mortgage that does not penalize me for early repayment since I can live on my wifes salary and potentially make most of my income available for repayments.


You are correct that lenders wouldn't take your wife's salary into consideration, however for a Buy To Let property, the rental income is the figure most looked at by the lender, especially as the loan to value is so low at 50%.

It may well be possible to get the loan that you are looking for, as there are a number of lenders who look favourably at ex-pat cases, but we would need to know more about the rest of your personal financial situation before we can say for certain.

If you'd like to discuss your options in more detail, then please contact one of our consultants on 0344 346 3672 and they'll be able to give you an idea of how we can help.



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