If you are a non-Uk resident and you want to buy a buy to let property in the UK then this may be possible but the buy to let mortgage lender may place more emphasis on being able to prove your creditworthiness and income as a non-UK resident.

There is no law preventing you from fetting a property or buy to let mortgage as a non-UK resident but getting a mortgage may be challenging.

Once you have found a property which you deem affordable then the possibility of you being able to get a buy to let mortgage as a non-UK resident will depend on two factors.

If you are an EU citizen or not.

EU citizens

If you are an EU citizen then you will have a credit history from your local country which most UK mortgage lenders may be able to find.

This means that a UK mortgage lender may be able to offer you a buy to let mortgage on this basis as they may have something they can use as a guide to figure out what risk you pose to them and what loan to value to offer you..

Not all UK mortgage lenders may offer buy to let mortgages to non-UK residents so you may want to inquire about this with a mortgage broker before making firm plans

You will need to have been an EU citizen for likely 3 years but you may find mortgage lenders who will accept you being an EU citizen for a shorter period.

You will need to have a stable income in your local country and you will need to have a relatively good credit score.

Non-EU citizens.

If you are not an EU citizen then getting a mortgage for non-UK residents could potentially be further complicated as the mortgage lender struggles to prove your income or creditworthiness through a credit score check.

If you do find a UK buy to let mortgage lender willing to lend to you then you could potentially face high mortgage application fees and possibly a high APR.

To get a buy to let mortgage as a non-UK resident you will need to submit:

  • Bank statements
  • Proof of income
  • Proof of identity
  • You will also likely need to provide a letter from a notary confirming the documents you provided are genuine

As a non-UK resident who lives outside the EU, you will likely need to put down a mortgage deposit of 25% and upwards for a mortgage lender to lend to you.

If you are self-employed and a non-Uk resident living outside the EU or you have bad credit and you are a non-UK resident living outside the EU then it is very unlikely you will be able to get a buy to let mortgage except you already have collateral e.g properties in the UK which you already have substantial equity in.

Lending criteria for Buy to let mortgages for non-UK residents

The criteria below are only a guide and may not apply to any buy to let mortgage lender as their eligibility requirements may switch at any time.

  • Maximum lending up to 75% LTV
  • Interest rates from 6.39%
  • Maximum loan amount £400,000 (subject to LTV)
  • The minimum loan only £3,000
  • Maximum mortgage term 15 years
  • Minimum mortgage term 5 years

Can I get a mortgage if I am not a UK resident?

Yes, you may be able to get a mortgage as a non-UK resident but t may be slightly harder as the mortgage lender may struggle to prove your income or credit history.

John Bate

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.