UK National Living Abroad

Posted on 9 September 2012 by Siobhan

My son works for the UN in Geneva, lives in France. He lived in northern ireland for most of his life. He has had a very favourable bid accepted on a house in a good area. £58000. He is willing to put down 10% at least. He takes home around €4000 per month and has no other debts. He has been told that as he is residing abroad a mortgage will be difficult. Any advice?


As your son is living abroad it will certainly cut down the number of lenders who will consider him for a mortgage.  Only earlier this month the International section of Lloyds announced that they were stopping lending.

However, the main stumbling block is not where he is currently living, but the size of his deposit.  As an Ex Pat he will need to be able to put down at least 25% of the purchase price before any one will consider him for a mortgage.

I recommend that you speak to a local independent mortgage broker to see if there is any way that you can help him achieve this.


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