What we cover in this guide
- Mortgages for Tier 2 Visa Holders
- Try our mortgage affordability calculator
- Can I get a Tier 2 Visa Mortgage with Bad Credit?
- Mortgage lenders if I have a Tier 2 Visa
- Will lenders reject me because of a Poor Credit history?
- Can I get a Buy to Let Mortgage with a Tier 2 Visa?
- Foreign National Mortgages
- Mortgage Advice for Foreign Nationals
Mortgages for Tier 2 Visa Holders
Lenders will primarily look at your application through the perspective of their usual credit checks and affordability assessments, but will also take two other important factors into consideration:
- The length of time you have been resident in the UK.
- The remaining time left on your Tier 2 visa.
There is no hard-and-fast rule for the amount of time you should have been living in the UK, but generally most lenders will require at least two years residency, while some will expect you to have been living here for three years. This is quite common in general mortgage eligibility terms, and ensures that an applicant has been in this country long enough to build up a reliable credit history and employment track record. Some lenders will also stipulate that Tier 2 visa applicants have a current account or savings with a UK-based bank.
Lenders will also typically expect a period of at least six months to a year to be remaining on the Tier 2 visa. They will also usually ask if you are likely to renew the visa due to ongoing employment in the UK as a skilled worker, or if you intend to let it expire at the end of the valid period. This will help them identify the motivation for the purchase, which may influence the kind of mortgage you can apply for.
The best way to find out if you qualify for a Tier 2 visa mortgage is to speak to on of our mortgage advisers.