UK Mortgage while working abroad

UK Mortgage while working abroad

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Discussion

98elise

Original Poster:

26,840 posts

162 months

Thursday 23rd November 2017
quotequote all
My younger brother is working in Dubai and he's thinking of buying a property here for when he comes back. He's in his mid 20's and It would be his first mortgage/home. What are his options for getting a mortgage here when he lives and works abroad?

I'd be happy to act as a guarantor, or what ever is needed to provide the mortgage company with some security. The only issue that is I already own property, so I don't want to formally own a chunk of his property otherwise there will be tax liabilities.


98elise

Original Poster:

26,840 posts

162 months

Thursday 23rd November 2017
quotequote all
Thanks both, sounds like a non starter then.

I suppose the only way would be for me or another family member to do the actual purchase, with him paying the monthly mortgage payment.