Foreign National Mortgages UK: Deposits, Rates & Visa Requirements

Why did my high-street bank say no even though I earn well?

Earning well is only one part of the decision. Banks also look at:

• Your credit score
• Your deposit amount
• Your length of stay in the UK
• Your visa type

For foreign nationals, not all lenders are comfortable offering mortgages, so a high-street bank may simply not operate much in that space.

Can you get a UK mortgage without Indefinite Leave to Remain (ILR)?

Yes, you can.

To qualify, you generally need:

• A decent UK credit score
• A deposit
• Some history of living in the UK

Do foreign nationals need a 25% deposit?

No — 25% is not mandatory.

Typical scenarios:

• 25% deposit: Makes approval much easier
• 10% deposit: Possible with some lenders
• 5% deposit: Rare but possible
• 0% deposit: Extremely rare

The lower the deposit, the slimmer your chances.

Which visa types are commonly accepted?

Usually NOT accepted:

• Visitor visas
• Student visas

Commonly accepted:

• Skilled Worker visa
• Tier 2 visa
• Global Talent visa

These visas usually give you a much higher chance of approval.

Can you apply if your visa is close to expiring?

Yes.

Different lenders have different requirements:

• Some require 12 months left
• Some require 6 months left
• Some specialist lenders have no minimum requirement

Do foreign nationals pay higher interest rates?

Not necessarily.

Foreign nationals often qualify for standard mortgage products, but:

• They may have fewer lenders available
• The cheapest lender may not accept foreign nationals

Does overseas credit history help?

Generally, no.

Lenders mostly want to see UK credit history.

However, in some cases — especially for UK nationals returning from abroad — lenders may consider overseas trade references.

What documents are required for visa holders?

Mostly the same as other applicants, plus immigration documents.

Typical requirements:

• Bank statements
• Payslips or proof of income
• Tax returns (if self-employed)
• Passport
• Visa
• Share code

When should you speak to a mortgage advisor?

As soon as you plan to buy.

An advisor can help you:

• Build your deposit
• Improve your credit score
• Understand lender requirements

Biggest mistake foreign nationals make

They underestimate the importance of credit score.

Key tips:

• Register on the electoral roll (if eligible)
• Get a credit card and pay it off in full
• Pay bills on time via direct debit