Expat mortgages

[fyfe]

Hi all,

Does anyone have any recommendations on mortgages for expats? I'm out of the country and would like to shift the mortgage on my UK house onto an interest-only whilst I'm away. Any advice appreciated.

Cheers PH

[Sarnie]

Are you currently renting the property out?

[AndrewT1275]

I used HSBC Expat. You need to open an Expat bank account with them which is the same as their Premier account service. Unfortunately this means you have to put £60k in an account or investments with them for the duration.

The plus side is you can hold different currency accounts and transfer funds between them easily which is useful if your going to be earning non sterling overseas.

[fyfe]

Sarnie said:

Are you currently renting the property out?

Hi Sarnie, I was just about to email you based on recommendations on here.

I was renting it out but it's empty at the moment. I'm happy with it being empty or rented as long as my monthly outgoings are manageable based on my income abroad and UK savings etc.

AndrewT1275 said:

I used HSBC Expat.

HSBC expat sounds interesting as I'm with HSBC both sides of the pond. I'll follow up with them.

[Richard321]

Hi, I recently moved abroad and used this free tool to calculate my home loan eligibility. It was very easy to set up and filters out all the banks for you. I hope it helps

[Glassman]

You say expat, I say migrant...

[Mezger]

Does anyone have recent (last 12 months) experience with lenders to facilitate UK expats buying property in the UK, HSBC Expat, Skipton International, any others?

[Mezger]

Just bumping this up, seems to be a few more lenders (banks and building societies offering this now).