Can You Get a Mortgage in the UK on a Visa? Here’s What You Need to Know

If you're living in the UK on a visa and looking to buy a property, you might be wondering: can you get a mortgage in the UK on a visa? The good news is that many lenders offer mortgage options for visa holders, but eligibility criteria and requirements can vary.

Can You Get a Mortgage in the UK on a Visa?

Yes, it is possible to get a mortgage in the UK on a visa, but the process may be more complex than for UK citizens. Lenders will assess factors such as your visa type, financial history, deposit amount, and the length of time remaining before your visa expires before approving your application.

What Types of Visas Qualify for a Mortgage?

If your visa type is not listed below, some lenders may still consider your application depending on individual circumstances. Contact your mortgage broker to discuss your options.

Tier 1 and Tier 2 Work Visas

Holders of Tier 1 and Tier 2 work visas often have access to a wider range of mortgage options, as they typically have stable employment and income. Most lenders require that you have at least two years remaining on your visa at the time of application.

BNO Visa (British National Overseas)

If you hold a BNO visa, you may be eligible for a mortgage, especially if you have been living in the UK for some time, have a stable income, and meet lender requirements. Some lenders may require at least 12-24 months remaining on your visa. We specialise in helping Hong Kongers get mortgages in the UK. Learn more here.

Spouse and Family Visas

If you are in the UK on a spouse or family visa, lenders may consider your application if you have a good credit history and stable income. Having at least two years left on your visa can improve your chances of approval.

Student, Temporary Visas and Other Visa Types

There are several other visa categories that may be considered for mortgage applications, including Innovator Visas, Start-up Visas, and Global Talent Visas. Each lender has different policies, so it's essential to contact your mortgage broker for specific guidance.

Those on student or temporary visas may find it more challenging to secure a mortgage. However, some lenders may approve applications if a large deposit is available or if there is a UK-based guarantor. Visa holders in this category generally need at least 24 months left on their visa.

Other Considerations for Getting a Mortgage on a Visa

Source of Deposit

Lenders will want to verify where your deposit funds are coming from. Whether it's from savings, a gift from family, or overseas transfers, clear documentation is required.

Employment History

A stable employment history can improve your mortgage application. Lenders prefer applicants with at least six months to a year of continuous employment in the UK.

Time in the UK

Some lenders may require you to have lived in the UK for a minimum of two to three years to demonstrate financial stability and ties to the country.

Credit History

A good UK credit history can make securing a mortgage easier. If you have limited credit history in the UK, consider building your credit by using a credit card responsibly or registering on the electoral roll.

How to Improve Your Chances of Getting a Mortgage on a Visa

1. Save for a Larger Deposit

Most lenders require a higher deposit from visa holders, often around 25% or more of the property’s value. A larger deposit improves your chances of approval and secures better interest rates.

2. Build a Strong Credit History

Lenders assess your UK credit score to determine your financial reliability. Paying bills on time, avoiding excessive borrowing, and managing credit responsibly can improve your creditworthiness.

3. Work with a Mortgage Broker

Navigating the mortgage market as a visa holder can be complex. A mortgage broker can help you find lenders who specialize in offering mortgages to non-UK citizens, including BNO visa holders. Visit our Contact Us page for expert guidance.

4. Use a Mortgage Calculator

Estimate your borrowing potential and repayment options using our Mortgage Affordability Calculator.

Documents You Need for a Visa Mortgage Application

When applying for a mortgage in the UK on a visa, you’ll typically need:

• A valid visa with at least two years remaining

• Proof of income (payslips, tax returns, or employment contracts)

• UK credit history report

• Proof of deposit source

• Evidence of visa length and expiry date

Final Thoughts on Getting a Mortgage in the UK on a Visa

While securing a mortgage in the UK on a visa may have additional hurdles, it is entirely possible with the right preparation. Saving a larger deposit, maintaining a good credit history, and seeking help from a mortgage broker can improve your chances of approval. If you hold a BNO visa, working with an expert can ensure you meet the right lender requirements and visa length expectations. Contact us today.

For more insights, visit our Knowledge Hub.

Your home may be repossessed if you do not keep up repayments on your mortgage.