UK Mortgage

London Property can facilitate UK mortgages for non-UK residents aquiring UK residential or commercial property with loan values starting from GBP 1,000,000.

UK mortgage benefits

  • Mortgage increases budget for purchase up to 4x times
  • Mortgage can increase return on invested capital. For example, assuming rental yield of 4% and 10% annual price growth, an investor would earn:
    • 14% on invested capital without mortgage, and

    • 40% (10/25 = 40) on invested capital with 25% deposit and 75% mortgage (rental income would normally cover all costs including interest, and produce some positive cash flow)

  • Because mortgage principal is fixed, in the long run, real value of mortgage reduces due to inflation, while property value goes up

UK mortgage can be arranged for a period up to 25 years and be repaid or re-financed for better terms each few years, depending on mortgage market.

UK mortgage: eligibility

UK mortgage eligibility depends on:

  • Annual employment or self-employment income of a borrower
  • Rental income of a property being aquired
  • Assets and liabilities of a borrower

Acceptable evidence:

  • For employed: employment letter, pay slips, tax returns
  • For self-employed: financial accounts of business, personal and business tax returns
  • Evidence of other income (rental contracts, dividend vouchers, tax declaration, etc)
  • Bank statements for 6 months showing income credited into account

UK mortgage terms

  • Loan to value: from 50% to 75%
  • Period: up to 25 years
  • Repayment: interest repayment only or interest plus capital repayment
  • Interest rate: from 2% to 6%
  • Other costs: broker/arrangement fees: 1% - 2%

London property
Buy to let property
Off plan property
Commercial property

Property budget
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Size and sources of annual income
If you need a mortgage
Contact details
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