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Mortgage possible?
Posted: Tue Aug 04, 2015 10:57 pm
by therock
Hi Guys...
I wanted to know if I can get a mortgage on Tier 1 Entrepreneur visa. I am self employed and have 1 years of accounts.
Here is my story:
Halifax: OK but needs 2 years of accounts
Lloyds: No
HSBC: No
Precise Mortgages: Everything good but needs ILR
Any help will be much appreciated.
Many Thanks!!
Re: Mortgage possible?
Posted: Tue Aug 04, 2015 11:01 pm
by CR001
Not sure if you would qualify and probably depends on your financial circumstances, size of your deposit and how long you have been resident in the UK. I doubt you would get a very good rate as you are not settled.
Have a read through this link
Recommended Mortgage Broker for Tier 1 Visa Holders (Click) which was posted last year.
Re: Mortgage possible?
Posted: Wed Aug 05, 2015 8:39 pm
by Momi
I got mortgage offer some days ago and now waiting for completion date. It is possible but you need at least 25% deposit (sometimes up to 45% if credit history is not good) and 2 years visa.
If you are taking wages from your business and paying full taxes then there will be no problem even you have one year accounts.
I got lowest interest rate which is rare.
therock wrote:Hi Guys...
I wanted to know if I can get a mortgage on Tier 1 Entrepreneur visa. I am self employed and have 1 years of accounts.
Here is my story:
Halifax: OK but needs 2 years of accounts
Lloyds: No
HSBC: No
Precise Mortgages: Everything good but needs ILR
Any help will be much appreciated.
Many Thanks!!
Re: Mortgage possible?
Posted: Wed Aug 05, 2015 8:48 pm
by geriatrix
Please remember this is an "immigration forum". Please google for forums / information and help about "mortgages".