As a non-UK or non-EU citizen buying a property within the UK, any mortgage required falls into specialist lending. As a whole of market mortgage adviser, we have access to these lenders. It is important to remember a number of countries are currently off-limits due to sanctions; however, it still enables 99% of the world to purchase within the UK.

Most lenders in this marketplace will require a larger percentage deposit, typically in the region of 25% as a minimum. The mortgage can be arranged in the name of an individual or in a company name.

People purchase from outside the UK for many different reasons, some buy as a result of their children going through further education in the UK.

Buying the children a home to reside in during their studies provides the potential for investment as any capital growth could offset the rental that would have effectively been lost if paid out to a private landlord. In addition, it provides a place to stay when Mum and Dad or family come over to visit.

Others purchase purely for investment reasons, as the UK currently does not tax any capital gain assuming you only own one property in the UK. Therefore, under current UK tax legislation you can sell your property at a future date without incurring any UK tax liability, however there may be tax implications if the funds are being returned to the applicants’ main country of domicile.

As whole of market mortgage advisors, we have access to the lenders that specialise in this marketplace so please get in touch and we can explore the options.