Hi All,
I am a first time foreign national buyer. Currently I am on Tier 1 general visa and got 1 year 11 months of visa left. I am planning to apply for mortgage with a 10% deposit for property worth 277,000. I am applying mortgage with my wife.
I already talked to two mortgage provider and according to one due to my visa and 10% deposit only Natwest can offer me mortgage with rate 5.29% which is huge. He said Abbey cant give me mortgage as they require min 2 years of visa. If I increase my deposit to 15% then I have other vendors who can accept my application. I cant provide 15% deposit.
Another mortgage adviser told me that he can get me mortgage from abbey on 1 year 11 months visa due to the amount of business they do with this bank and also I am living in UK from last 6+ years so it shouldn't be any problem.
Is it possible to get mortgage for foreign national on 1 year 11 months Tier 1 General Visa with 10% deposit. OR the second mortgage adviser bluffing me.
Thanks
I am a first time foreign national buyer. Currently I am on Tier 1 general visa and got 1 year 11 months of visa left. I am planning to apply for mortgage with a 10% deposit for property worth 277,000. I am applying mortgage with my wife.
I already talked to two mortgage provider and according to one due to my visa and 10% deposit only Natwest can offer me mortgage with rate 5.29% which is huge. He said Abbey cant give me mortgage as they require min 2 years of visa. If I increase my deposit to 15% then I have other vendors who can accept my application. I cant provide 15% deposit.
Another mortgage adviser told me that he can get me mortgage from abbey on 1 year 11 months visa due to the amount of business they do with this bank and also I am living in UK from last 6+ years so it shouldn't be any problem.
Is it possible to get mortgage for foreign national on 1 year 11 months Tier 1 General Visa with 10% deposit. OR the second mortgage adviser bluffing me.
Thanks