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Expat Mortgage
Definition
A specialist mortgage for UK citizens living and working abroad who wish to invest in UK property like an HMO.
Related Terms
Related FAQs
Yes, many lenders offer HMO mortgages to expats, though criteria may be stricter and deposits higher.
Was this helpful?Expats typically need proof of income, UK property management experience, and a UK-based property manager.
Was this helpful?Rates for expat HMO mortgages are typically 0.5-1% higher than for UK residents due to increased risk.
Was this helpful?Requirements include strong overseas income, UK property management experience, UK-based property manager, adequate deposit, and often a UK bank account.
Was this helpful?Most lenders require a minimum 30-35% deposit for expat HMO mortgages, though some may accept 25% for experienced landlords with strong income.
Was this helpful?Most lenders require a UK bank account for expat HMO mortgages, though some may accept international accounts if you have a UK-based property manager.
Was this helpful?You'll need translated payslips, bank statements, employment contracts, and potentially tax returns. Some lenders may require income verification through international agencies.
Was this helpful?Yes, many lenders offer HMO mortgages to non-UK citizens, though criteria may be stricter and you'll need to demonstrate strong ties to the UK property market.
Was this helpful?Expat HMO mortgage applications typically take 8-12 weeks due to additional verification of overseas income and potentially more complex documentation requirements.
Was this helpful?Expat HMO landlords are subject to UK tax on rental income. You may need to register for self-assessment and potentially pay tax in both your country of residence and the UK.
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