Overview of International Mortgage Lenders in the UK

International mortgage lenders can offer financing for foreign nationals or expats who wish to buy property in the UK, by issuing international mortgages. With such a mortgage, you can buy a property in the UK that you can use personally, or for business.

International Mortgage Lenders Are There to Help You

International mortgages enable you to buy real estate in a foreign country, in a relatively easy way. They generally target the higher end of the market. For this reason they tend to be advantageous for any individual with a high income, regardless of his or her country of origin.

Securing an international mortgage from a UK lender to finance a property purchase in the UK doesn’t depend on the country from where you come. In essence, all international mortgages have the same nature, and they are readily granted to wealthy persons.

How the Mortgage Works

When you secure a mortgage, the lender takes hold of the property agreement as a collateral for the mortgage. Once you purchase the property you have to repay the loan monthly, with an interest.

Depending on the UK-based international mortgage lenders you deal with, you may be paying the mortgage in British Pounds, in Dollars, in Euros, or even in your native currency. Financial advisers usually recommend the latter, especially if you plan to continue to live mostly in your native country while paying off the mortgage.

Information about any local laws, regulations, or taxes you may have to pay will be communicated to you by the international mortgage lender who issues the mortgage.

Choosing Your Lender

The most important part in the borrowing process is choosing an appropriate lender. Ideally, you’re looking for one who is an expert in the UK, and who knows the local laws inside and out, with their pros and cons for foreign nationals. In addition, a good lender also knows the local real estate market thoroughly.

Experts at Compare the Financial Markets can help you find the best international mortgage lenders. If you want to secure a mortgage in the UK but don’t know where to start, contact us. We can help you.