jadie464

Also, for a buy to let mortgage, with some lenders such as The Mortgage Works (buy to let side of Nationwide) they will look to lend a mortgage based on the rental income coverage on the property (usually rent needs to cover the mortgage by 125-150% at a particular interest stress rate) which will be backed up by the mortgage valuation report. They don't go on income and you can even buy an investment property with a mortgage with them if you were unemployed or retired as long as the rental income is sufficient for the mortgage payment at a certain stress rate. I was an underwriter for them for 4 years too. However I'm 99% sure you must be a uk resident- they will check things like electoral roll records and bank statements to see regular spending in uk if they have concerns for any reason you are not a uk resident. Income isn't really an important thing with buy to let mortgages necessarily. Good luck! Sent from my iPhone using PomsinOz

Hello I've been a mortgage broker in the uk for over 6 years. Now living in QLD. Most standard mortgage lenders in the U.K. wont lend if you are not a UK resident. Up to you if you feel comfortable to put in a family members name, however legally they would be the owners - and the mortgage would need to be in their names (you could then 'gift' the deposit funds to them for the purchase and for the purpose of the deposit trail which most lenders would need now if over £50k). Once the property completed, you could look to set up a deed of trust for example to ensure your interest in the property was covered. A standard lender would not lend with that being set up prior however. Tricky one. There are other non standard lenders that can offer ex pat type mortgages - something to look into, but I'm sure you will pay extra doing it this way. Any reason you don't want to invest here? Sent from my iPhone using PomsinOz

You can have a free initial chat with many agents. I'd give a few of them a call and ask the question- ask a few so that you know you have the correct information. Emergico, immigrationtooz are a few. Good luck Sent from my iPhone using PomsinOz