Mortgages for UK Expatriates Buying Overseas

Another possibility for expatriates is buying a property overseas – either in the country in which you are working or in another country altogether – perhaps a holiday home in Europe or the USA, for example.

While this may seem complicated, it doesn't need to be too much of a headache for you.

There are two main possibilities for UK expats wanting to buy overseas:

There are considerable differences between these two types of mortgages, and which you choose will depend on your circumstances and on the country in which you wish to buy a property.

For example, if you are resident and working in another EU country, getting a local mortgage will almost certainly be the easiest and cheapest option.

However, if you are based somewhere a little more exotic, getting an expatriate mortgage from a UK lender may prove much easier than securing a mortgage in the country where you are buying the property.

What's The Most Suitable Option For Me?

The best way to learn about your options and understand how they might work for you is to contact an independent UK mortgage broker. They will be able to explain the different options to you and provide examples of different types of expatriate and overseas mortgage for you.

Additionally, many UK lenders and brokers have partnership arrangements with overseas lenders – particularly in countries which are popular with Britons, such as Spain, Italy, France and Portugal. This means you may well be able to arrange an overseas mortgage through a British lender – potentially a perfect solution to your headaches.

Many UK lenders who provide international services like this will also take care of the whole property purchase for you, avoiding the need for you to make repeated trips to England to do it yourself. This can be a real help and save you both time and money.