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9th May 2025
Foreign nationals are permitted to purchase property in the UK, and many choose to do so for personal use or investment purposes. However, deposit requirements can vary significantly based on residency status, visa type, and credit history. This guide outlines the typical deposit expectations for non-UK residents considering property acquisition.
Foreign nationals generally need:
Important: Mortgage availability, rates, and deposit terms are subject to lender criteria, regulatory guidelines, and individual circumstances. Independent financial advice is strongly recommended.
1. Non-Resident Buyers
2. Visa Holders (e.g., Skilled Worker, Tier 2)
3. Cash Buyers
Factor | Better Deals | Higher Deposits Needed |
---|---|---|
Residency Status | UK resident | Overseas/non-resident |
Credit History | UK credit file | No UK credit history |
Income Source | UK employment | Overseas/self-employed |
Property Type | Residential | Buy-to-let / commercial |
Visa Type | ILR / Settlement | Temporary visa categories |
No. Purchasing UK property does not confer immigration or residency rights. Entry and stay in the UK must be secured through valid immigration routes such as:
Q: Can I get a 95% mortgage as a foreign buyer?
A: This is highly unlikely. Most non-resident applicants are limited to 75–85% LTV maximum.
Q: Will I pay extra Stamp Duty as a foreign buyer?
A: Yes. A 2% Stamp Duty Land Tax (SDLT) surcharge applies to most non-UK residents buying residential property in England and Northern Ireland.
Q: Q: Can overseas assets be used as a deposit?
A: Yes. A 2% Yes, but lenders typically require documented and verified source of funds. This may include certified valuations, bank statements, and AML-compliant documentation.
Risk Warning: Your home may be repossessed if you do not keep up repayments on your mortgage. FCA-regulated mortgage advice is strongly recommended before entering into any financial commitment.
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