UK Expat Mortgages: Application Tips and How to Avoid Drawbacks

Whether an investment buy-to-let or securing a property for your return to the country in the future, seek out a professional expat mortgage finance. There are a number of tips that can be followed to make the application process easier and avoid issues.

If this is the first time that you are applying for a UK expat mortgage, things might seem a little overwhelming in the beginning. That’s why we recommend you find out as much as you can about the process that can help you.

Important Application Tips to Be Remembered

There are a number of mortgage options available for UK expats. Here are a few important things that you should keep in mind when applying for mortgage finance in the UK:

The Paperwork

One of the most important things that you should remember is there will be a lot of documents you will need to collate in order to submit your application. Avoid delaying the process by submitting correct and accurate documents.

Use a Specialist Expat Mortgage Broker

Expat mortgage applications vary from lender to lender, with the requirement for information and processes differing greatly from residential mortgages, it makes sense to partner up with a specialist mortgage broker. With the right broker, the process starting from pre-approval, to preparing the application and completing mortgage process can be made simpler and quicker. This is why you might look for a broker who is experienced and has a wide network in the mortgage lending industry.

The process is as long as you make it

If you know it will take you weeks or months to find all the correct supporting paperwork, this can have an impact on the whole timescale for the application process. Although sometimes the process can be delayed due to the lender asking for yet more documentation, it’s useful to remember that the longer you leave things before you submit them in supplement to your application, the more likelihood there is of having to reset the whole application process and starting again. Act promptly on the action points you were given.

Liquid Expat Mortgages is the UK’s leading authority on Expat Mortgages, they have helped millions of UK expats to get mortgage deals to buy property in the country.

Liquid Expat Mortgages is the UK’s leading authority on Expat Mortgages, they have helped millions of UK expats to get mortgage deals to buy property in the country.