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Applying for a UK Mortgage as an Expat: All You Need to Know



Applying for a UK mortgage to purchase a property as an expat can be complicated! There are many considerations, such as:

  • Finding British mortgage providers offering expat mortgages.
  • Passing more stringent eligibility checks.
  • Having a UK bank account to make mortgage payments from.

Revolution Brokers has years of experience negotiating mortgages for British nationals living overseas or global expats looking to purchase a residence, holiday home, or investment property in the UK.

Today we’ll explain a little more about what to expect.

If you need any further advice finding competitive expat mortgages lending, please give our team a call on 0330 304 3040 or drop a message to [email protected]

UK Expat Mortgages: The Basics

In essence, an expat mortgage works like any other. However, the difference is that the lender will consider applicants that live overseas.

The reason it’s tricky to find an excellent expat mortgage is that many lenders see this as high risk, so they either don’t offer expat mortgages or only offer them with rigorous qualification criteria and heavy deposit requirements.

There are several ways to improve your chances of approval and secure a more attractive interest rate:

  1. Consult a specialist expat mortgage broker! We have whole-of-market access, so compare every product available and provide oversight of the best deals.
  2. Get your finances in order. Lenders like to see proof of earnings, and a lot depends on your income stream and where that income originates. For example, some require applicants to have a UK job role (potentially based on an overseas location), and others will only lend to expats with employment in specific countries.
  3. Review your credit history. Expat mortgages are already higher risk than a conventional residential home loan, so you’ll need a clean credit history or ensure it’s as up to date as possible.
  4. Apply for an acceptable loan term. Some lenders don’t have upper age limits, but many do – if you apply for a term that ends before you reach 70, you’ll have more options.
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In most cases, an expat mortgage provider requires a UK bank account, so if you can get that set up in advance, you’ll strengthen your application.

Eligibility Factors for Expat Mortgages

The next step is to look at the policies in place and ensure you’re in a position to pass affordability and eligibility checks.

Criteria for expats are usually somewhat different, but these vary considerably between lenders.

If you’re concerned about not meeting one of these criteria, get in touch as a niche lender may offer greater flexibility.

Standard Expat Mortgage Criteria

  • A traceable UK credit history (more on this shortly!).
  • Proof of a steady, reliable income stream – with signed confirmation from an accountant with an internationally recognised qualification.
  • Payslips, bank statements and tax records.

If you don’t have a credit history or have a low score because you’ve been living abroad for some time, there are a few tips that might improve your prospects.

Having a UK address, even if it’s just for correspondence, is beneficial. That could be an address of a friend or family member, for example.

Higher deposits lower the lender risk, so if you can collate a more substantial down payment, you might be able to forgo some of the other requirements.

Maintaining a UK credit history is relatively simple.

You can take out an international credit card from a British lender, for example, or hold a domestic bank account and use that to demonstrate good use of credit and prompt repayments.

Expat Mortgage Deposits

Standard UK residential mortgages usually require a minimum 5% deposit at the bottom of the scale.

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However, as an expat, you’ll likely need at least a 25% deposit against the property’s value.

Depending on the type of property and location, that can vary, but you will rarely find approval with a lower initial contribution.

Anything with a high Loan to Value ratio (LTV) is already a higher-risk lending product, so saving up a larger deposit is one of the easiest ways to reduce your mortgage interest rates.

Acceptable Deposit Sources for Expat Mortgages

You’ll need to evidence where your deposit comes from (i.e. savings, family gift, inheritance income), which requires more involved checks to demonstrate that the funds are from a legitimate source.

  • Savings held in the UK or overseas account – depending on where you live.
  • Investment income from capital stocks or shares.
  • Property sale proceeds.
  • Equity in an alternative property – most accessible if the residence is in the UK, but possible in some cases against an overseas home.
  • Inheritance income that has been through probate.
  • Gifts – usually accepted, provided the money comes from a close relative.

If you need any further guidance about sourcing a deposit for an expat mortgage or complying with the other conditions we’ve explored, please get in touch with the Revolution team.

Affordability checks and income evidence are more complex, but it is possible to find an excellent expat mortgage deal with expert advice from the leading UK mortgage brokers.

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Portuguese football player mourns Fernando Chalana | About UEFA



Portuguese football player mourns Fernando Chalana |  About UEFA

Fernando Chalana was one of the most outstanding players in Portuguese football, he represented Benfica for 13 seasons and also played for Bordeaux, Belenenses and Estrela da Amadora. Between 1976 and 1988, he played 27 times for the national team, scoring two goals, saying goodbye to the Quinas shirt in a friendly match between Portugal and Sweden (0-0) on October 12, 1988.

Chalana had an impact on the Portuguese national team that played in the 1984 European Championship final, even finishing in the top 11 of the tournament.

President of the Portuguese Football Federation Fernando Gomes left a message of condolences in connection with the death of Fernando Chalana, which occurred on Wednesday.

“It is with deep sadness that I mourn the death of Fernando Chalana, Portugal player and eternal leader of Benfica.

The “little genius” spread magic and art across the football fields, delighted the fans with his imagination, aroused the admiration of all sports fans and was deservedly elevated to the category of idols.

Chalana was undoubtedly one of the best players in the history of our football and his name made Portugal stand out in the world. I especially remember his performances at the European Championships in 1984. With his disappearance, Portuguese sport and football lost their mythical connection.

Chalana, a respected player on the field and by all football fans, was a man of exceptional qualities.

I leave words of comfort to my family and friends during this difficult time. To Benfica, I express my deepest condolences.”

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Portugal: discrimination against Brazilians is growing – 08/09/2022 – World



Portugal: discrimination against Brazilians is growing - 08/09/2022 - World

“Brazilian citizenship” was the main reason given in discrimination complaints filed in Portugal in 2021, accounting for 26.7% of the total 408 complaints received by the Commission for Equality and Against Racial Discrimination (CICDR).

While overall, the number of complaints of discrimination in the country decreased by 37.7% compared to 2020 (655) and by 6.4% compared to 2019 (436), reports specifically against Brazilians increased. In 2021, 109 complaints were received for this reason, and in 2020 – 96; growth by 13.5%.

The jump is especially pronounced compared to 2017, when there were only 17 registrations. However, in the same year, the total number of discrimination complaints was also much lower, at 179 complaints. The data is part of the country’s latest Annual Report on the State of Racial and Ethnic Equality and Non-Discrimination, released quietly by the Anti-Discrimination Commission on Tuesday (9).

According to the document, the expressions “Gypsy nationality” with 67 complaints (16.4%) and “Black/black/black/black race” with 65 complaints (15.9%) are expressed “with significantly lower values”.

The more general expression “foreigners/foreigners/immigrants in general” comes in fourth place with 18 complaints (4.4% of the total) “corresponding to cases in which the victims felt they were discriminated against for being foreigners, immigrants or non-migrants”. who are Portuguese citizens. , we are not talking about a crime against a specific nationality.

In 2021, legally residing Brazilians made up about 30% of the nearly 700,000 foreigners living in the country, according to data from the SEF (Service for Foreigners and Borders), in 2021 — partial data released by the agency on Tuesday showed that the country’s community continued to grow. .

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In Portugal, depending on the specifics of the case, episodes of ethnic and racial discrimination can be classified as a crime or a so-called misdemeanor, a lesser crime. This is how most registered offenders are classified, resulting in lighter penalties. These episodes are analyzed by the CICDR, which has autonomy and decision-making authority.

“CICDR has the power to make decisions and impose fines [multas] and additional sanctions in the framework of administrative offenses. But such decisions can always be challenged in court. Sometimes yes, sometimes no,” explains Pedro Barosa, Partner at Abreu Advogados. In 2021, the Commission issued only two sentences, one fine and one warning (a kind of public warning).

A survey carried out by the Combat project of the Center for Social Studies (CES) of the University of Coimbra analyzed data on discrimination from 2006 to 2016 and showed that about 80% of cases initiated by the Commission for Equality and Against Racial Discrimination end up being shelved. A guilty verdict was handed down in 7.5% of cases. However, in appeals overturning or contesting these decisions, convictions are reduced to 5.8%.

According to José Falcao, leader of the NGO SOS Racismo, several convictions in Portugal mean that, in practice, crimes of racism in the country go unpunished. “The law does absolutely nothing to combat racial discrimination. This law in its current form is useless,” he says, citing the case of MP Andre Ventura, leader of the far-right Chega party.

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CICDR fined the parliamentarian 3,770 euros (19,700 reais) for comments that were deemed discriminatory against Roma ethnicity on a Facebook page, but Ventura filed an appeal and the court acquitted him.

According to Falcao, the difficulty in exposing cases of discrimination often begins at the police stations, when the police still routinely dissuade complainants.

In an interview with Sheet In July, Parliamentary Affairs Minister Ana Catarina Méndez said the Portuguese government was investigating complaints that already pointed to an increase in discrimination, but stressed that the increase was also due to migrants’ greater awareness of the issue. which leads to more complaints.

Psychologist Cynthia de Paula, president of Casa do Brasil in Lisbon, a non-governmental organization that provides assistance to the Brazilian community, also believes that immigrants are becoming more attentive. We have received more messages [de discriminação]but I think a larger denunciation movement has also been created,” he said.

In this sense, in addition to increasing racial debate in some parts, the very characteristics of the new wave of Brazilian migration to Portugal may contribute to a greater willingness to openly discuss complaints of discrimination. This group, which is more active and includes many students, professionals and entrepreneurs, has formed groups and associations and used social media to raise awareness of the issue.

This topic was especially discussed in the country after the great resonance of racist insults made by a Portuguese woman. against the children of Brazilian actors Giovanna Eubank and Bruno Gallasso. The case took place on July 30 in a restaurant in Costa da Caparica, near Lisbon. The woman was arrested but later released by the police.

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The couple’s press service states that the aggressor “asked them to leave the restaurant and return to Africa, among other absurdities pronounced to the children as“ dirty blacks ”. The actors wrote a statement to the police. The Ministry of Industry and Trade confirmed that they had launched an investigation into this case.

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“The Portuguese coach has the ability to adapt quickly”



"The Portuguese coach has the ability to adapt quickly"

PAulo Fonseca couldn’t have dreamed of a better start to the French Championship, beating Auxerre 4-1.

in an interview provided by the official media of Lillethe Portuguese coach explained what philosophy to apply in the French club this season.

“My philosophy is to have the ball. Dominate games. Make the team play the ball with great dynamics. With a strong reaction when we lose the ball. It’s hard for me when I feel like the team doesn’t have the ball. … be the protagonist of the game and I like to dominate. I have to know what to do with the ball. I have to know how I can find the right moments and spaces to attack,” Paulo Fonseca began.

“Sometimes I pay special attention to central defenders. Not because I was a fantastic player, but because I wasn’t. But I know how they feel at certain moments in the game. Sometimes I pay more attention to some details. went through those moments and those details,” he added.

The coach also named 4-2-3-1 as his preferred tactical system: “It’s a system that we can use against any other system. However, the system is something static only at the beginning of the game. everything is different. It depends on the dynamics of the team. It depends on the movements you want from the team. For me, the initial system is not the most important. More than that, it’s team dynamics.”

When asked what coaches inspired him in his career, Paulo Fonseca pointed to the Portuguese without hesitation.

“Many Portuguese coaches inspire me. I have many names in several fields that inspire me a lot. We have a good coaching school. The federation with this president changed football in Portugal a lot. So many Portuguese coaches around the world. We have the ability to adapt to different countries and different styles of play. I think the Portuguese coach has this ability to quickly adapt to different circumstances,” Paulo Fonseca said, calling Guardiola “an inspiration”. “It’s the best in the world,” he concluded.

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Read also: Lille de Paulo Fonseca starts with everything in the new edition of Ligue 1

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