This will depend on your circumstances. If you're re-locating with your company or to a new job in the UK, then getting a UK mortgage should be possible and something that an independent financial adviser can help you with.
You will need to have some proof that you are back in the UK so if you have a UK correspondence address and / or bank account, this will provide that proof that a UK lender will require.
If you don't have either of these, you will need to have been back in the UK for three months. There are certain overseas lenders who specialise in working with international firms and won't insist on you having a UK bank account or correspondence address. Again, an independent financial adviser will be able to help and advise you in this situation.
I need quite a large mortgage as I'm relocating to London after living overseas, will this be possible? Will I face any restrictions?
It should be possible, yes and you should not be restricted in your borrowing simply because of where you have lived previously. When assessing how much you can borrow, lenders will take different things into account including the following:
• Your income
• Your financial outgoings, such as any credit card payments
• Your credit rating
You will be assessed the same as anyone else applying for a mortgage and if all the above criteria are satisfactory to a lender, they will decide how much they are willing to lend to you.
An independent
mortgage broker will be able to assist you if you are applying for a large mortgage, i.e. one over £500,000. If required, they have access to private banks who are more flexible when it comes to large mortgages.
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