Tier 2 Visa able to apply house mortgage and buy house in UK?

[alex132]

I want to ask about mortgage for buying a house in UK.

Let say I am holding a Tier 2 visa working visa, do I eligible to obtain for a mortgage for buying a house in UK? How about Tier 4 Student Visa?

I found in Natwest mortgage apply online which stated:

*Please tick to confirm all applicants:
Are paid in Pound Sterling
Have read 'How will you use my data'
Are UK or EU national ->>>> I am not UK national yet.
Are aged 18 or over
Are looking to buy or remortgage a residential property based in the UK
Have not been declared bankrupt in the last 6 years
Have not had a County Court Judgement against them in the last 6 years
Have not had a property seized or defaulted on a mortgage
Have not organised a repayment plan with creditors

[Wanderer]

As long as you can show you can afford to repay the mortgage no problem. However being on a transient visa would mean being lumbered with higher interest rate and a larger deposit being required.

There are lots of specialist mortgage brokers about, you just need to use some search nous in Google to find them. Most likely you'd struggle with the mainstream lenders, though these brokers can help present your case with them to give you a better chance with them.

[fielddrive]

You need a good financial advisor who has experience in dealing with mortgages for Tier 2 holders.

If your situation allows, then you will be able to get a mortgage as have many others with Tier 2 visa.

[alex132]

As long as you can show you can afford to repay the mortgage no problem. However being on a transient visa would mean being lumbered with higher interest rate and a larger deposit being required.

There are lots of specialist mortgage brokers about, you just need to use some search nous in Google to find them. Most likely you'd struggle with the mainstream lenders, though these brokers can help present your case with them to give you a better chance with them.

I was thinking everyone having the same house loan interest rate with same bank?
Do you mean different visa will have different interest rate? Is that mean, is kind of unfair.

Should I look for house first or look for mortgage brokers first?

[CR001]

As long as you can show you can afford to repay the mortgage no problem. However being on a transient visa would mean being lumbered with higher interest rate and a larger deposit being required.

There are lots of specialist mortgage brokers about, you just need to use some search nous in Google to find them. Most likely you'd struggle with the mainstream lenders, though these brokers can help present your case with them to give you a better chance with them.

I was thinking everyone having the same house loan interest rate with same bank?
Do you mean different visa will have different interest rate? Is that mean, is kind of unfair.

Should I look for house first or look for mortgage brokers first?

Yes, it varies greatly depending on your circumstances and as you are not 'settled', i.e hold ILR, you likely not get the best deal.

Not unfair, mortgage companies protecting their interest. No guarantee you will get ILR.

This question however is also got nothing to do with immigration really, so you should contact a good mortgage advisor.

I would suggest you focus on getting a tier 2 visa first given that you currently hold a Tier 4 student visa.

[UKLL]

different bank has different offers and the same bank has different offers too. The interest can be different depending on how many years you want the Morgage for and how many years you want it fixed etc.

Different bank has their own rules regarding providing mortgage to Tier 2 holders. When I was buying my house some banks were ok with my visa some weren’t so it depends

You won’t be able to get a mortatage with Tier 4 visa, unless you earn significant and stable money from “20 hours per week”

[alex132]

different bank has different offers and the same bank has different offers too. The interest can be different depending on how many years you want the Morgage for and how many years you want it fixed etc.

Different bank has their own rules regarding providing mortgage to Tier 2 holders. When I was buying my house some banks were ok with my visa some weren’t so it depends

You won’t be able to get a mortatage with Tier 4 visa, unless you earn significant and stable money from “20 hours per week”

Thank you for your reply.
Can I ask you about "Help to buy ISA" where deposit every month £200 and government will help with deposit?
Is Tier 4 student visa/Tier 2 sponsor visa able to use that?

[UKLL]

I don't think non-UK citizen is eligible for Government help to buy scheme

[alex132]

I don't think non-UK citizen is eligible for Government help to buy scheme

However, I am able to open this account, Help to Buy Scheme.

[UKLL]

I don't think non-UK citizen is eligible for Government help to buy scheme

However, I am able to open this account, Help to Buy Scheme.

Doesn't mean you can get it, does it? Let me know if you do

[alex132]

I don't think non-UK citizen is eligible for Government help to buy scheme

However, I am able to open this account, Help to Buy Scheme.

Doesn't mean you can get it, does it? Let me know if you do

Did you get rejected applying Government help to buy scheme when buy house as non-UK citizen?
I have not ask, but did not read anywhere saying non-UK citizen unable to apply "Government help to buy scheme "

[UKLL]

I don't think non-UK citizen is eligible for Government help to buy scheme

However, I am able to open this account, Help to Buy Scheme.

Doesn't mean you can get it, does it? Let me know if you do

Did you get rejected applying Government help to buy scheme when buy house as non-UK citizen?
I have not ask, but did not read anywhere saying non-UK citizen unable to apply "Government help to buy scheme "

To qualify for a Help to Buy: ISA you must:

be 16 or over
have a valid National Insurance number
be a UK resident
be a first time buyer, and not own a property anywhere in the world

My understanding is that UK resident means permanent residency. I didn't apply for Help to Buy.

[alex132]

Just one question, I am holding Tier 4 student visa.
I saw one of the requirement for "Help to Buy: ISA" stated that:
To qualify for a Help to Buy: ISA you must:

be 16 or over
have a valid National Insurance number
be a UK resident
be a first time buyer, and not own a property anywhere in the world

Any idea "be a UK resident" mean stay in UK?
I am international student can stay in UK, does not hold ILR.

[vinny]

Ask them how they define the term "UK resident".

[vinny]

Posts merged.

[sah10406]

It sounds like you are looking at a bank's criteria for buying a specific financial product.

"Resident" has no specific meaning in immigration terms. I advise you ask the bank what they mean by it in this context.

[vinny]

In the Scheme rules, in Schedule 5, you have to sign this declaration:

I am resident in the United Kingdom for tax purposes or, if not so resident, either perform duties which, by virtue of section 28 of the Income Tax (Earnings and Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the United Kingdom, or I am married to, or in a civil partnership with, a person who performs such duties.

[alex132]

In the Scheme rules, in Schedule 5, you have to sign this declaration:

I am resident in the United Kingdom for tax purposes or, if not so resident, either perform duties which, by virtue of section 28 of the Income Tax (Earnings and Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the United Kingdom, or I am married to, or in a civil partnership with, a person who performs such duties.

Thank you very much! It means non-UK citizen or ILR able to apply.