As an overseas buyer, the maximum mortgage amount you can obtain in the UK will depend on a number of factors, including your income, employment status, credit history, and the lender’s lending criteria.
Some lenders may have specific requirements for overseas buyers, such as a larger deposit or higher interest rates, due to the perceived higher risk of lending to non-UK residents. In general, the maximum mortgage amount you can obtain is likely to be lower than if you were a UK resident.
It’s also worth noting that as an overseas buyer, you may be subject to additional fees and taxes, such as Stamp Duty Land Tax (SDLT) and a surcharge for non-UK residents, which could impact the overall cost of purchasing a property in the UK.
To get a more accurate idea of the maximum mortgage amount you could obtain as an overseas buyer, it’s recommended that you speak to a mortgage advisor who specializes in working with non-UK residents. They will be able to guide you through the process and help you understand the options available to you.
