UK Mortgages for international contract worker
Discussion
Hopefully this is in the correct section....
Background: Although I will be residing in the UK when I apply for the mortgage I work on a rotational basis and therefore spend 6 months of the year out of the country. I believe this has an effect on the type of mortgages available and the lenders who will offer the cash.
So before I start contacting the companies online I thought I'd see if anyone has any tips and/or recommendations if they have been through the process and worked in a similar fashion?
What can I expect in terms of offers that differ from "regular" mortgages.... ?
Any info greatly received from those in the know.
Background: Although I will be residing in the UK when I apply for the mortgage I work on a rotational basis and therefore spend 6 months of the year out of the country. I believe this has an effect on the type of mortgages available and the lenders who will offer the cash.
So before I start contacting the companies online I thought I'd see if anyone has any tips and/or recommendations if they have been through the process and worked in a similar fashion?
What can I expect in terms of offers that differ from "regular" mortgages.... ?
Any info greatly received from those in the know.
I do the same & as long as you are resident in the UK & can show a UK tax return that shows income, I don't think it willl have an impact.
However declaring no Uk income may be a bigger problem! But, and I know they are different, I was non resident & showed zero income, & had no problem with BTL mortgages.
However declaring no Uk income may be a bigger problem! But, and I know they are different, I was non resident & showed zero income, & had no problem with BTL mortgages.
DoubleTime said:
Hopefully this is in the correct section....
Background: Although I will be residing in the UK when I apply for the mortgage I work on a rotational basis and therefore spend 6 months of the year out of the country. I believe this has an effect on the type of mortgages available and the lenders who will offer the cash.
So before I start contacting the companies online I thought I'd see if anyone has any tips and/or recommendations if they have been through the process and worked in a similar fashion?
What can I expect in terms of offers that differ from "regular" mortgages.... ?
Any info greatly received from those in the know.
What currency are you paid in, as per your contract?Background: Although I will be residing in the UK when I apply for the mortgage I work on a rotational basis and therefore spend 6 months of the year out of the country. I believe this has an effect on the type of mortgages available and the lenders who will offer the cash.
So before I start contacting the companies online I thought I'd see if anyone has any tips and/or recommendations if they have been through the process and worked in a similar fashion?
What can I expect in terms of offers that differ from "regular" mortgages.... ?
Any info greatly received from those in the know.
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