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We moved to the UK 7 months ago and both employed. Could we get a mortgage?

Posted on 3 February 2015 by Kevin


My wife and I moved to the UK 7 months ago, and are living in with family at the moment. We're both employed full time, & saving to get a mortgage. We recently viewed a house for sale,and like it. What's the chance of getting a mortgage soon. Thanks, Kevin.

Kevin,

There's no real set rules about how long you need to have been in the UK before you can apply for a mortgage, however there are are areas that will improve your chances. The Loan to Value (LTV) can play a part, and the lower this is, the better. Also your credit footprint in the UK will be a factor, as many lenders will look at whether you have credit domestically, which will help those lenders who credit score.  

For example, if you wanted to borrow 90% LTV and don't have any UK credit, then it would be very difficult to get a mortgage, but if you were looking for 75% LTV, and have some UK credit history, then we would have a greater chance.

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 a clearer idea of how we can help.

Regards,

Simon

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