Expat Mortgage Lenders UK
Buying property when you live in a foreign land is not easy. For one, lenders cannot easily verify most of the information you provide. Secondly, you will not be able to inspect the property before purchase or manage it while living and working overseas. Fortunately, some lenders have come up with an ingenious financial product, which addresses all the challenges and can meet the needs of expats. When looking expat mortgage lenders UK citizens who live in other parts of the world should do some basic research to identify the right lender.
These loans are normally available to any UK resident who lives in a country that is approved by their lender, not just any other country. An important requirement is regular income, usually around £40,000, which can either be from a pension account or employment income. The property must also be a buy-to-rent type of property.