Tier 2 Visa Mortgage

Tier 2 Visa Mortgage
 

Can I get a mortgage on a Tier 2 Visa?

 
Yes, is the short answer. There are UK mortgage lenders who will consider a mortgage application on a Tier 2 Visa.

 

What is the lender criteria for a Tier 2 Visa mortgage?

 
Lender criteria does vary, depending on the length of time you have spent in the UK and the length of time left on the Visa.

  • Some lenders will cap their maximum Loan to Value (LTV) to 75% LTV regardless of time spent in the UK.
  • Mortgage lenders require at least 2 years remaining on a Visa in most cases.
  • Where a Visa has less than 3 years remaining, some mortgage lenders require your employer to confirm that they have applied (or intend to apply) for the permit to be renewed.
  • Applicants must not enjoy diplomatic immunity.
  • Minimum income requirements may apply and some lenders will also require that you take out a Capital Repayment mortgage (not Interest Only).

 
➡ Let our online mortgage experts process your Tier 2 Visa mortgage
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Ben - Author

 

Author: Ben, Glow Mortgage Advisor (CeMAP, BSc Hons)

Date Published: 2nd July 2018.