Casa Capital

If you wish to buy a house in the UK and use it as your primary residence, some lenders will consider up to 95% mortgages, subject to specific lending terms.

Lending criteria and mortgage terms vary tremendously and different lenders will use their own policy to determine a maximum loan figure. In addition to the offshore lenders, a number of UK based banks and building societies will now consider applications from British expatriates planning to purchase a home in the UK.

Expatriate lenders will use income multiples, affordability and employment status before offering mortgage terms. Some mortgage lenders have strict policies and rigid lending criteria. Other lenders however are more flexible and consider individual circumstances before issuing a mortgage offer.

We've been sourcing UK expat mortgages for a long time, and we know exactly which lenders will consider your application from the outset.

We could save you time and expense when applying for an expat mortgage. By using our experience we do everthing possible to ensure your mortgage application is successful first time and without delay. Unfortunately some lenders who initially accept applications from expats decline them later during the underwriting stage when strict lending criteria cannot be fully met.

UK mortgage regulation Since October 2004, the selling of UK mortgages has been overseen by the Financial Conduct Authority (FCA). For regulated mortgages you should now be able to find clear comparable information about the service you receive and the mortgage itself. This also means that when you ask us to give you mortgage advice you can be assured that we'll offer you a mortgage that best fits your needs.

A mortgage is often the biggest financial commitment of a person's life. Normally we seek advice from doctors, lawyers and accountants without questioning the need for their services, why should you take a risk trying to source a mortgage by yourself without the help of a mortgage adviser. Here at Casa Capital we have access to all lending banks in the UK in the Residential space, meaning access to hundreds of mortgage products and solutions. Although most clients are very rate driven, there are many other factors that need to be taken into consideration when sourcing a mortgage.

There are three steps to finding the right mortgage for any client:

There are an abundance of products and choices available in the UK market. Some banks will offer discounted fees directly to brokers and offer products not avialable through high street lenders or comparison sites.

Some banks and institutions will offer the ability to make overpayments free of charge and some even allow you to exit or pay off the mortgage without cost, however no single bank does it all!

In an ideal world it would be great to have a bank offer the lowest rate, the lowest costs and charges, however where a lender appears great in one aspect it could be less appealing in another. That is why it is very important to understand all of your requirements fully before making a recommendation. There is no point in recommending a low rate that comes with mandatory salary transfer if you are unable to transfer salary due to other loan commitments as an example!

The main types of mortgage when you consider rate are as follows:

FIXED

A fixed rate mortgage is where the bank fixes the interest rate for between 1 and 5 years which protects the rate against fluctuation in the BOE Base rate or the LIBOR rate (depending on the bank).

TRACKER

This type of rate consists of a fixed margin stipulated by the bank plus the prevailing BOE Base rate or LIBOR rate which changes daily (although most banks use a 3 month rolling average rate). If you believe rates will decline then tracker type products are normally a good option.

VARIABLE

Some banks will offer a variable rate, an internal rate which is set by various internal departments within the institution. Although variable rates are no overly transparent, they can sometimes be cheaper than fixed rates.

Why not call us for a no obligation consultation to find out more