{"id":14638,"date":"2019-08-13T13:41:00","date_gmt":"2019-08-13T05:41:00","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-sg\/can-british-expats-still-get-a-mortgage-in-the-uk"},"modified":"2023-08-18T10:59:36","modified_gmt":"2023-08-18T02:59:36","slug":"can-british-expats-still-get-a-mortgage-in-the-uk","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/sg\/blog\/can-british-expats-still-get-a-mortgage-in-the-uk","title":{"rendered":"Can British expats still get a mortgage in the UK?"},"content":{"rendered":"<p style=\"text-align: justify;\">It\u2019s estimated that over <a href=\"http:\/\/news.bbc.co.uk\/1\/shared\/spl\/hi\/in_depth\/brits_abroad\/html\/default.stm\" rel=\" noopener\" target=\"_blank\"><u>five million British people<\/u><\/a> live abroad permanently. Some are in Europe, while others live further afield \u2013 but regardless of where they are in the world, many still have an interest in the UK property market and thus want to know about the availability of <a href=\"https:\/\/backup.articusfinance.com\/sg\/expat-mortgages\" rel=\"noopener\">expat mortgages<\/a>.<\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify;\">Unfortunately, there\u2019s a lot of confusion around this topic, especially for those looking to borrow large sums. This has been exacerbated by political shifts like Brexit, and the fact that lenders are much more stringent about large mortgage applications than they were in the past. So, can British expats still get mortgages in the UK?<\/p>\n<p style=\"text-align: justify;\"><strong>Expat mortgages: more complicated, but far from impossible<\/strong><\/p>\n<p style=\"text-align: justify;\">The short answer to this question is yes. However, the process of arranging mortgages for expats is definitely more complicated, particularly if you\u2019re looking for high-value finance, or a mortgage over \u00a31 million.<\/p>\n<p style=\"text-align: justify;\">The reason behind this is that lenders generally see expats as higher risk borrowers. It\u2019s harder to gain a clear sense of an applicant\u2019s financial history when they\u2019ve been living abroad, especially as an expat\u2019s credit history may not be easily traceable. It\u2019s also more difficult for lenders to complete the necessary checks \u2013 and if you\u2019re paid in a foreign currency, exchange rate fluctuations could confuse matters.<\/p>\n<p style=\"text-align: justify;\">Your location will have a further impact; an expat living in Australia or America might have more difficulty than one residing in France. And of course, the size of the mortgage you\u2019re seeking will have an impact, as larger mortgages are more difficult to arrange in general.<\/p>\n<p style=\"text-align: justify;\"><strong>How can British expats arrange a large mortgage?<\/strong><\/p>\n<p style=\"text-align: justify;\">Given the complexities at play \u2013 and the administrative difficulty of arranging finance from abroad \u2013 the easiest way to secure an expat mortgage is to use a specialist expat mortgage broker.<\/p>\n<p style=\"text-align: justify;\">At Articus Finance, we receive many enquiries about expat mortgage rates for large loans, both for purchasing or refinancing. If you\u2019d like to know more about the expat mortgages that might be available to you, one of our brokers would be happy to talk through your options.<\/p>\n<p style=\"text-align: justify;\"><em>If you\u2019re wondering about securing a large mortgage in the UK, download our guide, <strong><a href=\"https:\/\/backup.articusfinance.com\/sg\/guides\/expat-foreign-national\" rel=\" noopener\">Maximising your borrowing as an expat or foreign national<\/a>. <\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s estimated that over five million British people live abroad permanently. Some are in Europe, while others live further afield \u2013 but regardless of where they are in the world, many still have an interest in the UK property market and thus want to know about the availability of expat mortgages.<\/p>\n","protected":false},"author":1,"featured_media":14639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[64],"tags":[],"class_list":["post-14638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"jetpack_featured_media_url":"https:\/\/backup.articusfinance.com\/wp-content\/uploads\/2023\/01\/shutterstock_202837828.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/14638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/comments?post=14638"}],"version-history":[{"count":0,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/14638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media\/14639"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media?parent=14638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/categories?post=14638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/tags?post=14638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}