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Getting a mortgage on a UK visa

14th February 2024

By Alex Walker

Getting a mortgage on a UK visa

This article will be of interest to anybody seeking to get a mortgage whilst working on a UK visa.
Mortgage lenders can be very picky. Therefore, it’s understandable why many lenders don’t wish to lend to people who might need to leave the country in a few years.

However, at least one lender takes a different view. It’s a fairly pragmatic approach because anybody taking out a mortgage today could leave the country in two years. At that point they would probably sell their house or remortgage it onto a buy to let mortgage. The important factor is that the borrower can reasonably afford the mortgage for the time they have it

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90% mortgage on a UK visa

Bear in mind that lenders criteria changes but, at the time of writing, there are offering up to 90% loan to value. The LTV reduces depending on the loan amount as follows:

  • Up to 90% LTV available on loan amounts up to £400,000
  • Up to 80% LTV available on loan amounts above £400,000 and up to £750,000
  • Up to 75% LTV available on loan amounts above £750,000 and up to £1 million

This will be subject to change but the point is, it’s worth checking what products are available for people looking to get a mortgage on a UK visa

What type of visa?

Currently this lender is looking for borrowers on a skilled worker visa. This could be a Tier 2 visa, a spousal visa or a British national overseas visa.
If getting a mortgage on a Tier 2 visa the crucial point currently is that there is still two years left to run when you apply.

Mortgage on a UK visa even with quirky circumstances

The particular lender considering this at the moment is a very well established Building Society.
Within their lending appetite they are very used to looking at quirky scenarios such as applicants on probation, shared ownership and other less straightforward applications.
Whilst they aren’t keen on poor credit, if it’s historic it can be considered.

Important – lenders mortgage criteria changes so always get in touch to find out the latest situation



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    More than 50% of borrowers receive offers better than our representative examples. The %APR rate you will be offered is dependent on your personal circumstances.
    Mortgages and Remortgages secured on land
    Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
    By submitting any information to us, you are confirming you have read and understood the Data Protection & Privacy Policy.

    Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status.

    More than 50% of borrowers receive offers better than our representative examples

    The %APR rate you will be offered is dependent on your personal circumstances.

    Mortgages and Remortgages

    Representative example

    Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66

    Secured / Second Charge Loans

    Representative example

    Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20

    Unsecured Loans

    Representative example

    Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.


    THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

    REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.


    Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774
    Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG

    Authorised and regulated by the Financial Conduct Authority – Number 681423
    The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages

    Website www.promisemoney.co.uk