Mortgages for Foreign Nationals investing in UK Houses of Multiple Occupation (HMO)
any foreign nationals are turning to the UK property market to invest their capital, Economic growth in some countries has been slow and unpredictable, while the UK has traditionally had a buoyant property market. Therefore UK property makes an ideal investment platform for foreign nationals and residents of EU member countries.
Citizens from any country can be considered. Applicants should be in good employment, or self-employment/limited company, with a good level of income. Ideally, applicants should own other property, although this is not essential. A UK bank account will be required.
- Employed or Self-Employed
- Director of a limited company with a good level of provable income
- UK Bank Account Required
Types of property
Houses of Multiple Occupation (HMO) in England only are acceptable. Any size of property can be considered with maximum lending up to £10m. The minimum property value is £200,000 and the minimum loan size is £100,000
- Houses of Multiple Occupation (HMO) in England only
- Minimum property value is £200,000
- Minimum loan size is £100,000
- Maximum loan size is £10m
General Lending Guidelines for Expat HMO Mortgages
Mortgages are available for purchase, or remortgage. For properties being purchased at below market value, the maximum mortgage will be the lower of 85% of property value, or 70% of purchase price. No income proof is normally required, but applicants will need to provide evidence of deposit funds. Mortgages are on an interest only basis
- Purchases or Remortgage
- Interest only
- No proof of applicants income required
- Evidence of deposit funds required
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Residential Multi-let Investment
Contact us on 0117 223250 to discuss your requirements with a Buy To Let mortgage specialist
Mortgage Application Assistance
We can even complete the mortgage application on your behalf. The mortgage adviser can help you complete the application over the phone or email.
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